A US Senate Oversight Committee session drummed up fears of Salt Typhoon, a suspected Chinese hacking effort targeting telco networks. Outgoing FCC Chair Jessica Rosenworcel took the stand for this piece of political theater, where Senators asked questions looking for soundbites to use in their re-election campaigns. Not much will come of the session. In many ways, the security risk is a stick with which to beat the telcos, and unfortunately, the lens with which the upcoming administration must be viewed is looking to see which venture capitalists and private equity funds could profit from legislation proposed by the government. Breaking the telcos into pieces could be a lucrative endeavor, to this end. The central concerns of the session are…