On November 7, HashKey Exchange CEO Weng Xiaoqi (Livio Weng) stated in an interview with Phoenix TV Chinese Channel that Trump is the first U.S. president to be very friendly towards cryptocurrencies. During his campaign, Trump promised several measures to support cryptocurrencies, such as incorporating Bitcoin into the national reserves, making the U.S. the world’s cryptocurrency capital, and easing regulations.
He stated that Trump's cryptocurrency policy will promote more financial institutions to enter the market. 'Taking HashKey Exchange as an example, we have collaborated with dozens of mainstream financial institutions in Hong Kong after two years of effort, establishing the largest licensed exchange in Hong Kong, but many more institutions still maintain a rather conservative attitude towards this industry.' He said, 'Trump will have a demonstration effect, accelerating the embrace of cryptocurrencies by traditional industries and traditional groups.'
Currently, many countries and regions around the world are accelerating their layout in the Web3 ecosystem, starting a new round of industrial competition. Weng Xiaoqi pointed out, 'Trump's attitude towards crypto assets will not only affect U.S. policy but will also accelerate the competition among countries regarding the Web3 industry.'
In addition, Weng Xiaoqi also mentioned in the interview, 'After Trump takes office, a new round of trade wars is likely to come, but the impact on China will become increasingly smaller.' He pointed out, 'China was not knocked down in the last round of trade wars; instead, it made some breakthroughs in the affected industries such as new energy and semiconductors. This time will be no different, and the U.S. will have to consider the 'backlash' of the trade war.'
*(As of November 1, 2024, HashKey Exchange ranks 8th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.)