Raphael Huang
Appearances
WSJ What’s News
Investors Hold Their Breath as Trump Tariffs Loom
So to separate TikTok's U.S. operation from its global business, one of the technical questions that remains to be answered is who will control TikTok's content recommendation algorithms. The deal eventually will need approval from Beijing. So if the proposed deal allows Biden to keep his control over the algorithm, then that would leave some room for negotiation.
WSJ What’s News
Investors Hold Their Breath as Trump Tariffs Loom
And the authorities in Beijing have signaled that China would be open to a deal. But they also see it as part of a cluster of issues that they hope to negotiate with Washington. So Chinese officials are now awaiting the president to unveil new tariff plans today. And any additional tariff highs on China could again limit the rooms for compromise in Beijing's view.
WSJ What’s News
Investors Cheer a Tariff Rollback for the Tech Industry
So many analysts telling us that Xi may have to change its business model in order to survive. Over the years, the company has already tried very hard to diversify its supply chain from China and produce in places such as Turkey and Brazil. And also people familiar with the matter telling us that Xing has also been in talks with some US manufacturers in order to explore production locally there.
WSJ What’s News
Investors Cheer a Tariff Rollback for the Tech Industry
And then Xing is also eyeing an IPO in London. It has aimed to go public by June, but now Trump's policies are making the prospects of an IPO bleaker. So for now, U.S. consumers will obviously have to pay higher price for some items, and they will probably also have to wait longer to receive the parcel.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
Ja, wir können es definitiv so sagen. Just around this time last year, the crypto industry was in a completely different state at the time, even though Bitcoin prices were moving higher. After the Bitcoin ETFs were launched in the US, the industry was facing a lot of lawsuits from regulators and the industry was still sort of recovering from the 2022 collapse of FTX.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
And it was also at around this time that still candidate Trump campaigning for the US presidency started embracing crypto in a very public way that eventually led to him speaking publicly at the 2024 Bitcoin Conference. And since then it has just pushed the industry into a completely different direction. So now we're here at this year's Bitcoin Conference in Las Vegas.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
It's almost like merging or meeting of the minds between Washington DC and the crypto industry.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
Ja, und das ist eine der Fragen, die wir Menschen an der Konferenz gefragt haben, besonders die frühen Bitcoin-Investoren, die wirklich in die Industrie gegangen sind nach der 2008-Global-Finanzkrise, weil sie es als dieses dezentralisierte finanzielle Asset oder Technologie sahen, das Das hilft dir, die Zensur der Regierung zu vermeiden oder von Wall Street zu bleiben.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
Und viele dieser Leute begrüßen Präsident Trumps Anerkennung von Krypto und Bitcoin. Bitcoin handelt jetzt auf allzeit hohem Niveau und hat definitiv diesen Boom in die Krypto-Industrie gebracht. Aber einige andere Industrie-Veteranen haben definitiv einige Skepsis ausgesprochen, weil als Präsident Trump Krypto anerkennt, an einem öffentlichen Niveau.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
Seine Familie hat sich auch in fast alle Körner der Kryptoindustrie eingelassen, z.B. ein Bitcoin-Miner, ein dezentralisiertes finanzielles Projekt namens World Liberty Financial, das eine Stablecoin entworfen hat, die A type of cryptocurrency packed to the US dollar. And President Trump himself launched a meme coin.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
And this is also an industry that he is in charge of leading and regulating, setting new rules and laws for. So people see that conflict of interest there. And then people also worry that maybe this asset is being politicized in a way that it's becoming a bit too right wing. So that's some of the concerns out there.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
Ja, und für viele der Krypto-Industrie, fühlen sich viele Industrie-Spieler definitiv so an, als wären sie ein Gruppe von Außerirdischen und Rebels, Teil der Mainstream-Finanzen und sogar Teil der politischen Gespräche. Und einige Leute sind sehr stolz darauf und sie sind auch einfach sehr glücklich darüber, dass Präsident Trump
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
Since he returned to the White House, has really kept or fulfilled a lot of the promises he made on the campaign trail, including establishing a strategic Bitcoin reserve and sort of asking Congress to für Stablecoins und Marktstrukturen.
WSJ What’s News
China Accuses U.S. of Undermining Trade Truce
Und viele dieser Dinge sind noch in Prognose, aber man kann feststellen, dass viele Krypto-Investoren und Exekutiven mehr und mehr Zeit in Washington DC verbringen. Sie sind aktiv daran teilhaben und helfen, das Gesetz zu entwerfen. I've been speaking to Wall Street Journal Reporter Vicky Gehuang. Vicky, thank you so much for the update. Thank you for having me, Luke.