The European Union is in negotiations to join a US-led coalition aimed at securing supply chains for critical technologies, including AI infrastructure and advanced semiconductors. This alliance, described as a "trusted network," seeks to reduce Western reliance on China for essential tech inputs. The EU's interest aligns with its ongoing efforts, such as the European Chips Act and the Critical Raw Materials Act, to bolster domestic production and secure necessary minerals. Joining this alliance would enhance coordination between the EU and the US, signaling a stronger alignment with Washington's strategies to contain Beijing's technological influence. While the alliance does not explicitly mention cryptocurrencies, its focus on semiconductor supply chains could impact the crypto industry, which relies heavily on advanced chips for mining and infrastructure. China's control over rare earth elements essential for chip production adds a layer of complexity to this geopolitical landscape.