The Electronic Currency Conference Scandal: Hong Kong Officials Withdraw Due to Eric Trump's Role

The largest cryptocurrency event in Hong Kong, Bitcoin Asia 2025, is facing a lot of controversy. Two local officials have withdrawn. This comes after the announcement that Eric Trump, the son of American President Donald Trump, will be the main host. According to sources, officials have withdrawn due to Trump's involvement. Lawmakers are advised to avoid events featuring him. There are concerns that attendance may be seen as support for the US administration. This reflects the political pressure Hong Kong faces in its efforts to develop its cryptocurrency hub. The withdrawal of key figures such as Eric Yip Chee-hang and legislator Johnny Ng Kit-chong further highlights these challenges. This move underscores Hong Kong's precarious position amid rising tensions between China and America. The United States has imposed tariffs on exports from Hong Kong, adding to the complexity. The Role of Eric Trump at Bitcoin Asia 2025 Despite the controversies, Eric Trump remains a key figure at Bitcoin Asia. He will host two discussion sessions, including one titled "All Together Bitcoin". Trump's involvement in the cryptocurrency space continues to grow. He is the co-founder of American Bitcoin, a mining company, and World Liberty Financial. His participation in this event reflects the Trump administration's efforts to strengthen the United States' leading position in the field of digital assets. Hong Kong remains determined to solidify its position in the digital asset market. The government's Policy Statement 2.0, announced in June, aims to make Hong Kong a leading cryptocurrency hub. Additionally, a new decree on stablecoins provides more options for cost-saving cross-border transactions. However, the political situation may complicate Hong Kong's goals.