Although the cryptocurrency industry appears to be internationalized, the true rulers are mostly China and the United States. Simply put, it refers to China's offshore exchanges, mining machine manufacturers and miners, and major trading entities; American VC and project partners, Wall Street institutions, and compliance exchanges. It is quite sad that there has been a constant fluctuation, with the US President supporting cryptocurrency as the strongest force in the country, while Chinese practitioners have to hide and seek in Hong Kong, Singapore, and Dubai.