US-China Détente Seen as Bullish for Blockchain Tech Sharing, Regulation
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- Trump and Xi meet in Busan and agreed to cut some U.S. tariffs and keep rare-earth exports flowing.
- The U.S. now has the GENIUS Act for stablecoins; Basel’s crypto standard is live for banks.
- Those anchors set the stage for BIS/G20 coordination on cross-border crypto policy.
The United States and China took a step toward calmer trade ties after President Donald Trump and President Xi Jinping met on the sidelines of APEC in Busan. Trump said the U.S. would cut some tariffs, including a fentanyl-related levy to 10%, and China would keep rare-earth exports flowing and resume soybean purchases. The move lowers near-term friction around supply chains and opens room for policy talks that include digital assets.
“I think we’re going to have a fantastic relationship for a long period of time, and it is an honor to have you with us,” President Trump said in the meeting.…
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