The Global Expansion of Chinese Crypto Capital and the Systemic Collapse of Community Culture In Part 1, I examined how China and the United States have gradually diverged onto two fundamentally different regulatory and institutional paths in the Web3 era. While the American model remains anchored in token-based financialization and dollar-linked stablecoins, China has deliberately removed the coin from the centre of its Web3 strategy, repositioning blockchain as an infrastructure for governable data, industrial coordination, and sovereign digital currency. Next, we’ll turn to the global political and cultural implications of Chinese crypto capital. Against this backdrop of domestic regulatory restructuring, a striking paradox emerges: even as China tightens control over crypto activity at home, capital and actors with Chinese backgrounds continue to expand aggressively in overseas markets. The clearest examples are the reported cooperation between Binance and the Trump family, as well as Justin Sun’s appearance at a White House dinner as a major token holder. Whatever these interactions may ultimately signify in legal, compliance, or political-symbolic terms, they at least produce a powerful visual …