According to a report from the Beijing Daily client, on January 22, Chinese Foreign Ministry Spokesperson Guo Jiakun presided over the regular press conference.
A foreign media correspondent asked, US President Trump stated at Davos that he is committed to maintaining the United States' leading position in the cryptocurrency field and that measures must be taken to prevent China from accessing this sector. What is China's comment on this?
Guo Jiakun stated that China has always actively engaged in multilateral and bilateral monetary and financial cooperation and participates in the coordination of global macroeconomic policies and the formulation of international financial rules. "Regarding the specific issue you mentioned, I suggest you direct your inquiries to the competent Chinese authorities."
According to reports from foreign media outlets like Bloomberg, on January 21, US President Trump declared at the World Economic Forum (also known as the Davos Forum) that he would ensure the US continues to be the "cryptocurrency capital of the world," claiming that new crypto legislation would open a "new path to a new financial freedom."
Trump also made a point of mentioning China, asserting that "China wants the [cryptocurrency] market too," and therefore the US must take measures to prevent China from gaining a leading position in this field.
Foreign media reports indicate that Trump, during his presidential campaign, expressed strong support for the cryptocurrency industry. Since taking office, he has signed multiple initiatives, including the "Genius Act" aimed at establishing a regulatory framework for stablecoins. Concurrently, he has issued a flurry of executive orders promoting the establishment of a "Bitcoin Strategic Reserve" and setting up related task forces; the White House has also appointed several industry supporters to key government positions. The Trump family has previously launched a cryptocurrency named after him.
However, this series of measures has raised external suspicions about potential conflicts of interest. A recent Bloomberg report stated that since Trump's second term began, the Trump family has profited over $1.4 billion from crypto projects, a figure that may rise significantly in the future; crypto assets are now said to account for approximately 20% of the family's total wealth (around $6.8 billion).
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