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The Great Meteor Grab
RocketAcademy writes "New regulations by the Federal government define asteroidal material to be an antiquity, like arrowheads and pottery, rather than a mineral — and, therefore, not subject to U.S. mining law or eligible for mining claims. At the moment, these regulations only apply to asteroidal materials that have fallen to Earth as meteorites. However, they create a precedent that could adversely affect the plans of companies such as Planetary Resources, who intend to mine asteroids in space."
Lately Congress seems to recognize no limits to its jurisdiction. If they can extradite people for violating US drug laws in other countries, extradite British bankers who never set foot in the US for violating US banking laws, arrest Canadians for running poker websites, and tax expats for ten years after citizenship is renounced, there really isn't any place in the universe in which US law doesn't apply. Assuming they have the muscle to enforce it, I guess. As an American I have no idea why other countries put up with this nonsense, but there it is.