I think slight variations of that happens everywhere. Chinese companies have legally required CCP connections, which sounds ominous, but American companies of substantial scale will have ex-government employees, resources allocated for lobbying, and connections to senators. The difference is whether it's codified and imposed or implicitly required for survival.

(not that I support CCP, the requirement do sound ominous to me)

Exactly, in the US the big companies also enter the government complex through board memberships and collaboration with 3 letter agencies, just like in China.

Squarex is responding in good faith and is being downvoted. We don’t downvote for simple disagreement around here.

(We shouldn’t postulate on rationale behind downvotes, but it’s not a good look for criticism to be downvoted regularly)