Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 347
    CryptoNewsSponsored Article

    From Litecoin to Hedera, the Spotlight Now Shifts to MoonBull – The Top Crypto Presale in 2025

    Litecoin (LTC) and Hedera (HBAR) continue to dominate the spotlight with strong…

    By
    Benedikt Krüger
    October 21, 2025
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    CryptoMarketNews
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    October 21, 2025
    image 341
    CryptoMarketNewsSponsored Article
    As the Fed’s Big Decision Looms, DOGE Surges, PENGU Dips, and BullZilla’s $940K Leads the Top New Meme Coins to Buy in October 2025
    October 21, 2025
    Major Update: Trump Adviser Kevin Hassett Predicts Swift End to U.S. Government Shutdown
    MarketCryptoNews
    Major Update: Trump Adviser Predicts Swift End to U.S. Government Shutdown
    October 21, 2025
    Bitcoin ETP UK: BlackRock Lists in London
    CryptoMarketNews
    UK Regulators Approve BlackRock’s Bitcoin ETP: A New Era for Crypto Finance
    October 21, 2025
  • Cryptocurrency
    image 347
    From Litecoin to Hedera, the Spotlight Now Shifts to MoonBull – The Top Crypto Presale in 2025
    7 Min Read
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    9 Min Read
    image 341
    As the Fed’s Big Decision Looms, DOGE Surges, PENGU Dips, and BullZilla’s $940K Leads the Top New Meme Coins to Buy in October 2025
    8 Min Read
    Major Update: Trump Adviser Kevin Hassett Predicts Swift End to U.S. Government Shutdown
    Major Update: Trump Adviser Predicts Swift End to U.S. Government Shutdown
    7 Min Read
    Bitcoin ETP UK: BlackRock Lists in London
    UK Regulators Approve BlackRock’s Bitcoin ETP: A New Era for Crypto Finance
    6 Min Read
    image 341
    Best Meme Coins to Join This Week – Dogecoin and Shiba Inu Rally, But BullZilla’s 3,000+ Holders Signal the Next Big Move
    9 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Hashkey CEO Believes Trump’s Crypto Policies Could Open China’s Doors to Bitcoin
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Bitcoin > Hashkey CEO Believes Trump’s Crypto Policies Could Open China’s Doors to Bitcoin
BitcoinCryptoNews

Hashkey CEO Believes Trump’s Crypto Policies Could Open China’s Doors to Bitcoin

Hashkey CEO Believes Trump’s Crypto Policies Could Open China’s Doors to Bitcoin
Hashkey CEO Believes Trump’s Crypto Policies Could Open China’s Doors to Bitcoin
Emily Morgan
Last updated: November 14, 2024 10:25 am
By
Emily Morgan
Published November 14, 2024
5 Min Read
Share

According to Hashkey Group CEO Xiao Feng, one of the leaders in the cryptocurrency space, openly supportive Trump administration, it changes the phase of China’s perception on Bitcoin (BTC) and other cryptocurrencies. In The South China Morning Post, Feng shared that US leadership from Trump and Congress would impact China’s crypto market policies greatly.

Contents
  • Trump’s Influence on China’s Crypto Policies
  • China’s Historic Stance on Cryptocurrencies
  • Stablecoins as a Bridge to China’s Crypto Market

Trump’s Influence on China’s Crypto Policies

Xiao Feng is one of the highest-profile figures in the cryptocurrency industry and has been associated with Hashkey Group, one of the top blockchain and digital asset firms in the Asian region. Feng has been tracking the global landscape of cryptocurrency regulation for many years in the sector. He is optimistic that the crypto market in China will open up if the U.S. government decides to regulate digital assets more clearly and uniformly.

Trump’s Influence on China’s Crypto Policies

Instead, Feng explains that if the U.S. Congress and President Trump keep taking into positive strides on Crypto Laws, advocacy of innovation and legislation for the sector, it may cause China to second-guess its long-standing rigid stance towards digital currencies. This is due to what Feng believes: the markets interlink themselves worldwide, and anything the major economies take will eventually bring effects elsewhere.

In this regard, digital assets are now one of the crucial aspects of Trump’s presidential campaign in 2024. As one of the most influential figures in politics and the previous president, his words and actions carry much weight. Indeed, Trump had publicly rebuked the SEC in the United States, focusing on Chairman Gary Gensler in suppressing innovation in the crypto arena. Moreover, Trump wants to freeze the sale of Bitcoin grabbed by the U.S. government as a strategic asset. Feng comments that if such policies were implemented, China might be compelled to remove restrictions but change the nature of its approach towards cryptocurrency due to economic pressures.

China’s Historic Stance on Cryptocurrencies

China has always been strict in terms of regulation when dealing with issues like cryptocurrencies. In 2017, the country banned initial coin offerings. Recently in 2021, it fully prohibited the use and mining of cryptocurrencies in that country. These are just some of the various attempts by that country to control its financial system within itself while promoting their development of the digital currency called the digital yuan.

However, with this, Feng works according to not only his perception but also according to his knowledge of the changed financial policy adopted by China. According to him, due to the shift of the global economy to digital wealth, China needs to reassess its stand on cryptos. More economies are using blockchain technology more regularly; thus, it is very evident that China needs to reassess its current stand for it to catch up and maintain its position in the global financial system.

Stablecoins as a Bridge to China’s Crypto Market

Stablecoins as a Bridge to China’s Crypto Market

For Feng, stablecoins are a bridge through which China can enter the digital asset space as Bitcoin and other cryptocurrencies continue to face regulatory challenges. These are digital currencies pegged to real-world assets to minimize volatility. That’s why regulators and businesses find them attractive.

Stablecoins would be the perfect answer for crossborder trade. “Stablecoins offer the best solution for cross-border business-to-consumer trade,” he explained. This is in tandem with the global trend wherein more and more stablecoins become used for cross-border transactions that are faster, cheaper, and much more transparent. Their utility in international trade can make them palatable to China, especially in areas where the adoption of digital yuan remains one of the topics for discussion.

Interest in stablecoins has increased significantly, particularly in economies experiencing any manner of inflation or instability in the currency. As of mid-2024, total capitalization of stablecoins is at about $165 billion in supporting trillions of dollars of transactions every year. Higher usage of stablecoins across the globe highlights its potential to become a means of reshaping international financial flows.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Cumberland Deploys $1B Tether in Just 8 Days Amid Market Recovery

Ethereum Price Drop Warning: Key Signals to Watch For

Ripple Fuels U.S. Crypto Adoption with $50M Grant to the NCA

Peter Schiff’s Bitcoin Warning: $BTC Could Fall to $75K, $ETH to $1,500

Whales in Action! Big Dogecoin Buys Signal Potential Surge to $0.50

TAGGED:BitcoinInChinaBlockchainTechnologyCryptoMarketDigitalAssetsDigitalCurrencyHashkeyCEOstablecoinsTrumpCryptoPolicy

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article image 4 Best Cryptos to Buy for the Long Term in November 2024: Smart Picks for the Future
Next Article digital illustration of Litecoin embracing the memecoin identity featuring the Litecoin logo styled with a fun cartoon like Litecoin Declares Itself a “Memecoin”: Price and Volume Surge
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English