{"id":142243,"date":"2024-11-14T16:00:27","date_gmt":"2024-11-14T14:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142243"},"modified":"2024-11-14T14:06:00","modified_gmt":"2024-11-14T12:06:00","slug":"could-u-s-crypto-momentum-push-china-to-rethink-its-ban","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-u-s-crypto-momentum-push-china-to-rethink-its-ban\/","title":{"rendered":"Could U.S. Crypto Momentum Push China to Rethink Its Ban?"},"content":{"rendered":"
Xiao Feng, CEO of Hong Kong-based crypto exchange HashKey, has pointed out<\/a> <\/strong>that the U.S.\u2019s pro-crypto momentum\u2014especially after Donald Trump\u2019s recent election win and supportive stance\u2014might drive China to adapt its policies more quickly than previously anticipated. Feng suggests that if the U.S. clarifies its regulatory landscape, particularly under Trump\u2019s influence, China may ease its restrictions on cryptocurrency within the next couple of years rather than taking a more prolonged approach.<\/p>\n The \u201cTrump effect\u201d appears to be influencing global markets, with Bitcoin<\/a> <\/strong>climbing to a record high of $93,000 and the overall crypto market cap surpassing $3 trillion. Trump has also pledged to reduce regulatory barriers in the U.S., including potential changes at the SEC, which has historically enforced strict crypto regulations.<\/p>\n Additionally, Trump\u2019s stance to hold, rather than liquidate, seized Bitcoin signals a commitment to supporting the sector, creating speculation that other nations may follow suit.<\/p>\n