Geopolitical Shockwaves: How Trump’s Moves and China’s Crypto Crackdown Are Reshaping Digital Finance
Washington and Beijing are playing high-stakes poker with the future of crypto—and the table just got flipped.
Trump’s latest policy gambit sends global markets scrambling while China doubles down on its blockchain iron grip. Traders are left navigating a minefield of opportunity and regulatory landmines.
Meanwhile, institutional investors keep pretending they ’believe in the technology’ while secretly waiting for the next 100x shitcoin moonshot.
China’s Statements and the US
In the realm of cryptocurrencies, the anticipated scenario involved escalating tensions between China and the US, with ongoing negotiations at its core. This appears to be materializing, as China’s Foreign Ministry recently issued a pointed statement. They expressed discontent with the negative actions recently taken by the US, expressing China’s steadfast opposition to measures harming its legitimate interests. They called on the US to establish conditions conducive to normalizing bilateral relations.
Concurrently, US Treasury Secretary Bessent echoed sentiments favoring reconciliation. By reiterating China’s prior commitment to becoming more consumption-focused, Bessent fueled the anticipation of forthcoming positive news regarding an agreement. He questioned China’s choice in becoming a reliable partner and emphasized its aspirations to be a trustworthy ally to others.
During an event in Zurich, which Bessent attended remotely, he also discussed the matter of cryptocurrencies. He provocatively stated that the Biden administration seems to have consigned cryptocurrencies to obsolescence, while TRUMP aspires to position the US as a hub for digital innovation.
Currently, Bitcoin (BTC)
$0.000034 is trading above $106,600, while ethereum (ETH)
$2,630 is targeting the $2,700 mark. The US Ambassador to China commented that discussions with Foreign Minister Wang Yi covered issues such as fentanyl and trade.
