#justinsun The crypto wallet address associated with Sun on the Trump memecoin leaderboard shows he began buying the tokens on January 19 and made its last purchase, worth around US$845,000, at midnight after the dinner, according to data from blockchain analysis platform Arkham Intelligence. Even while pouring money into the US president’s businesses and expressing enthusiasm about a more friendly regulatory environment for crypto in the country, Sun said he expected moves in the US to also affect policy in China. “I certainly believe it will have an impact on mainland China,” Sun said. “I see China watching US policy moves very, very closely … as the US and China have a rivalry like Zhou Yu versus Zhuge Liang,” he said, referring to the story of two competing commanders in the Chinese classic novel Romance of the Three Kingdoms. If one side sees the other side making efforts in one particular area, it will definitely think about following up,” Sun said. Trump’s gathering of crypto investors and innovators will push policymakers in mainland China, Hong Kong, Singapore and other jurisdictions to review their policy regarding crypto, he said. The new stablecoin law passed on Wednesday in Hong Kong, where Sun resides, showed the urgency around regulating cryptocurrencies pegged to fiat currency, according to the entrepreneur. “The timing is a little bit coincidental,” Sun said. “I think the policymakers here feel some kind of urgency, [as if to] get this done quickly to be ahead of the world.”The US Senate passed the Genius Act on Tuesday, which deals with the regulation of cryptocurrencies. The bill now goes to the House of Representatives before it can be signed into law by the president. Hong Kong’s stablecoin bill requires issuers of these tokens in the city and issuers of Hong Kong dollar-backed stablecoins globally to be licensed by the Hong Kong Monetary Authority. Sun even sees an opportunity for yuan-backed stablecoins in the city. “In the future, it couldn’t be ruled out that Hong Kong could develop a stablecoin based