Eric Trump Praises China’s Role in Bitcoin, Says U.S. and Beijing Are ‘Leading the Way’

HONG KONG — Eric Trump, government vp of the Trump Organization, praised China throughout a panel at BTC Asia in Hong Kong and stated there’s “no question” the nation had “made an unbelievable mark on bitcoin and cryptocurrencies.”

“There’s no question that China is a hell of a power when it comes to this world and doing it, doing it well. By the way, I give the same credit to the Middle East. I mean, the Middle East has really embraced cryptocurrency in a massive way, and they are running and they are running fast in that endeavor,” the son of U.S. President Donald Trump stated.

Trump framed the U.S.–China dynamic as central to the way forward for digital finance, agreeing that each nations “are definitely leading the way on cryptocurrency.”

Asked whether or not the matter may come up in an anticipated commerce assembly between his father and Chinese President Xi Jinping, he prompt the agenda would probably deal with bigger points, however stated he “would certainly love to talk about bitcoin.”

He additionally emphasised bitcoin’s function in making a uniquely worldwide group, calling it “certainly one of the most numerous communities in the world” and noted that conversations about bitcoin bring together people from “different cultures, different societies, different languages, different religions.” This global network makes the asset class “great for humanity,” he said.

He positioned the U.S. under his father’s leadership as a fast mover, claiming that more progress on digital assets had been made in the seven months since Trump’s return to office than in the previous decade.

Trump described America as “winning the digital revolution” thanks to strong political backing and an influx of institutional support from Wall Street firms, sovereign wealth funds, and retirement accounts.

Elsewhere in Trump cryptoland, CoinDesk lately reported that American Bitcoin, a miner 20% owned by Donald Trump Jr. and Eric Trump and 80% by Hut 8, is planning a September Nasdaq debut via its merger with Gryphon after elevating $220 million to broaden its bitcoin holdings and infrastructure.