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Trump Administration Opens Doors for Chinese Crypto Buyer

A member of China's Communist Party-affiliated group got VIP treatment from Trump despite security concerns.

By Eric Lipton, David Yaffe-Bellany, Michael Forsythe, Devon Lum and Jiawei WangSource: nytimes.com1 min read
Trump Administration Opens Doors for Chinese Crypto Buyer
Image via nytimes.com

In brief

The Trump White House, while warning about potential security threats from Chinese visitors, welcomed He Tianying—a key buyer of Trump's digital currency. This contradiction raises questions about the administration's stance towards China amid ongoing geopolitical tensions.

The Trump White House has repeatedly sounded alarms regarding visitors with ties to China’s Communist Party, categorizing them as potential security threats. However, in a surprising twist, an executive linked to a Chinese government advisory group received VIP treatment during a recent event featuring President Trump. He Tianying, who is associated with the Chinese People's Political Consultative Conference (C.P.P.C.C.), hailed as a technology executive, made headlines by being invited to a private dinner with Trump at his Virginia golf club after purchasing a substantial amount of the president’s digital currency. Trump launched this cryptocurrency, known as a memecoin, just days before taking office. To encourage purchases, his business partners devised a contest promising the top buyers exclusive access to the president and the White House. He, a resident of Hong Kong, serves as a delegate on the C.P.P.C.C.’s science and technology committee but is not listed as a member of the Communist Party itself. This instance creates a noteworthy contradiction with the administration's broader narrative on security concerning Chinese nationals. While the security risks persist, this incident illustrates a more nuanced relationship between Trump's initiatives and external influences.

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