CCTV Rarely Reports on Cryptocurrency, What Signal Does It Send?

On the evening of July 27, CCTV's 'World Weekly' aired an episode that sparked significant attention in the cryptocurrency community, focusing on 'Trump Coin, WLFI platform, and stablecoins.' This is the first systematic report by a mainstream Chinese media outlet on the global trends concerning meme coins and USD stablecoins.

The program introduced the Trump family's involvement in the cryptocurrency space: including TRUMP Coin launched by Trump himself, the token MELANIA issued by Melania, and the stablecoin platform WLFI, which is deeply involved with the family and its USD-pegged USD1. CCTV also provided public science education on the concept of 'stablecoins,' highlighting their role in reinforcing the dominance of the US dollar and the new challenges facing global financial stability.

Unlike the past tone of blanket suppression of crypto assets, this report from CCTV is more neutral and rational. This change is seen as a shift in the Chinese regulatory stance on cryptocurrency assets, moving from 'complete ban' to 'prudent observation and dynamic assessment.' Especially against the backdrop of Hong Kong about to implement stablecoin regulatory regulations and the US advancing legislation to legalize cryptocurrencies, the renewed attention of Chinese public opinion towards crypto assets may signal a gradual loosening of policy attitudes.

In the short term, CCTV's endorsement has boosted market confidence, leading to a rise in related concept stocks; in the long term, this report may serve as a barometer for the shift in China's regulatory thinking, and the process of mainstreaming and legalizing crypto assets deserves close attention. #美国与欧盟达成关税协议 $BTC