PANews reported on November 8 that Livio Weng , CEO of HashKey Exchange , said in an interview with Phoenix TV Chinese Channel that Trump is the first US president to be friendly to cryptocurrencies. During the campaign, Trump promised a number of measures to support cryptocurrencies, such as incorporating Bitcoin into the national reserve, making the United States the global crypto capital, and relaxing relevant regulations. Weng pointed out that this will attract more financial institutions to enter the crypto market. Taking HashKey Exchange as an example, it has cooperated with dozens of mainstream financial institutions in Hong Kong through two years of efforts, but some institutions still maintain a conservative attitude. Trump's policies will have a demonstration effect on traditional industries and people, accelerating the acceptance of cryptocurrencies.
Weng Xiaoqi also pointed out that countries around the world are accelerating their Web3 layout and launching a new round of industrial competition. Trump's crypto-friendly policy will not only affect the United States, but will also accelerate the global competition for the Web3 industry. In addition, he believes that Trump's coming to power may bring about a new round of trade wars, but the impact on China will be smaller, and it may even have a "backlash" effect on the United States itself.
