According to The White House (@WhiteHouse), David Perdue has been officially sworn in by Secretary Rubio in the Oval Office as the new U.S. Ambassador to the People's Republic of China. This high-level diplomatic appointment is likely to influence U.S.-China economic relations, a factor closely watched by cryptocurrency traders due to its potential impact on regulatory policies, cross-border payments, and digital asset flows between the two countries (source: @WhiteHouse, May 7, 2025). Market participants should monitor any upcoming statements or policy shifts from both U.S. and Chinese regulators, as ambassador-level negotiations often precede significant changes that can affect Bitcoin, Ethereum, and other major cryptocurrencies, particularly those tied to Asia-Pacific trading volumes and stablecoin movement.