CCTV's "World Weekly" Special Report on Trump's Crypto-Friendly Policies and Stablecoins

On July 28, CCTV's "World Weekly" program featured a special report last night on Trump's crypto policy and stablecoins. The report stated that although Trump has introduced a series of crypto-friendly bills, including the Genius Act, Bitcoin and cryptocurrencies still have problems such as large price fluctuations and high security risks.

The report lasted approximately 20 minutes, pointing out that Trump's active promotion of stablecoin development is highly related to the Federal Reserve's policies and the excessive US Treasury bonds, and stated that stablecoins are a new generation version of "dollar hegemony." In the current situation where countries around the world are stepping up the issuance of their own currency stablecoins, "how to establish a more stable international order is a new challenge."