Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association
China’s control over cryptocurrency liquidity in Hong Kong gives it unprecedented power over the Trump family’s crypto wealth. This leverage lets Beijing influence the family’s financial fate — and potentially US-China relations — through market moves. As Eric Trump visits Hong Kong, this crypto-political nexus signals a new era of global power.
Cryptocurrency is no longer seen as just the new financial innovation around the block. Virtual assets have become powerful geopolitical instruments determining the fates of nations.
As Imran Khalid said, “China, by contrast [to the US], has played the long game. It chose dialogue over drama, and principle over provocation.”
China’s rise and growing control and dominance over the Web3 economy were similarly marked by its carefully orchestrated flexible liquidity control structure through a parallel hedge in Hong Kong. When considering this level of control, combined with the Trump family’s unprecedented and increasing reliance on digital assets for wealth, it reveals a subtle yet decisive form of influence that Beijing can wield.
Trump family’s crypto wealth surge
US President Donald Trump attacked Bitcoin (BTC) during his first presidency, saying it’s “not money” and “based on thin air.” This position had made an obvious U-turn by 2025.
In a Fox News interview with Donald Trump Jr., he revealed that the family “didn’t have a choice” but to get into crypto after banks refused to do business with them after the Jan. 6 “nonsense.” As a politically exposed person (PEP), this was a telling turnaround.
Banks and financial institutions are usually stricter when dealing with PEPs because their prominent positions usually mean they become targets for bribery and corruption, yielding a higher risk of financial crime entanglement with illicit money laundering.
Since taking the plunge into crypto, the Trump family has shifted dramatically in favor of crypto as a single engine of personal wealth. In July, it was reported that the Trump family’s crypto ventures dominate their portfolio, accounting for 40% of their $2.9 billion net worth.
These ventures include World Liberty Financial, which has successfully raised hundreds of millions of dollars through token sales, including the TRUMP and MELANIA memecoins. Eric Trump’s involvement in American Bitcoin has further amplified the family’s crypto exposure.
This…
Click Here to Read the Full Original Article at Cointelegraph.com News…