Xinhua News Agency journalist Xu Liang published a commentary on December 6 titled "The American Financial Ecosystem and Risks Behind the 'Bitcoin Frenzy.'" The article couldn't have been more timely—on December 5, former U.S. President Donald Trump announced the appointment of David O. Sacks, former Chief Operating Officer of global payment platform PayPal, as the White House lead for Artificial Intelligence and Cryptocurrency Affairs. Sacks will oversee government policies in these areas. T...

Xinhua News Agency journalist Xu Liang published a commentary on December 6 titled "The American Financial Ecosystem and Risks Behind the 'Bitcoin Frenzy.'" The article couldn't have been more timely—on December 5, former U.S. President Donald Trump announced the appointment of David O. Sacks, former Chief Operating Officer of global payment platform PayPal, as the White House lead for Artificial Intelligence and Cryptocurrency Affairs. Sacks will oversee government policies in these areas. T...