China Begins to Target Bitcoin

the-dog-@newsletter.paragraph.com (The dog) — Thu, 12 Dec 2024 06:58:42 GMT

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. Trump emphasized that AI and cryptocurrency are critical to the future competitiveness of the United States and affirmed his commitment to making the U.S. a global leader in both fields.