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AXIOS (Jim VandeHei) - Scoop: Trump advisers fear China may target Taiwan in next 5 years

Some close advisers to President Trump fear the biggest substantive result of the China summit is heightened danger that Chinese President Xi Jinping will invade Taiwan in the next five years, potentially choking off the chips used to power AI to U.S. companies. What they're saying: Trump loved the pageantry and the special access Xi shrewdly rolled out during the Beijing visit. But the words didn't match the bonhomie. One Trump adviser told us Xi is "trying to move China to a new position where he's saying: 'We're not a rising power. We're your equal. And Taiwan is mine.'" - "This trip signaled a much higher likelihood that Taiwan will be on the table in the next five years," the adviser added. - "There's no way we can be ready…

Some close advisers to President Trump fear the biggest substantive result of the China summit is heightened danger that Chinese President Xi Jinping will invade Taiwan in the next five years, potentially choking off the chips used to power AI to U.S. companies. What they're saying: Trump loved the pageantry and the special access Xi shrewdly rolled out during the Beijing visit. But the words didn't match the bonhomie. One Trump adviser told us Xi is "trying to move China to a new position where he's saying: 'We're not a rising power. We're your equal. And Taiwan is mine.'" - "This trip signaled a much higher likelihood that Taiwan will be on the table in the next five years," the adviser added. - "There's no way we can be ready…Open

AXIOS (Alex Isenstadt) - GOP to crypto: Show me the money

Republicans have delivered major wins for the crypto industry in Washington — and they're increasingly frustrated that its biggest political spender isn't stepping up for them in the midterms. Why it matters: Crypto now commands the biggest political war chest of any industry in America — and how it deploys that cash could help decide the November elections. Zoom out: The pro-crypto Fairshake super PAC has a massive $165 million. - But the organization — which receives the bulk of its funding from Coinbase, a cryptocurrency exchange company — has yet to announce which races it will target. - That has infuriated Republicans, who have promoted pro-crypto legislation including the CLARITY Act, which would define how digital assets…

Republicans have delivered major wins for the crypto industry in Washington — and they're increasingly frustrated that its biggest political spender isn't stepping up for them in the midterms. Why it matters: Crypto now commands the biggest political war chest of any industry in America — and how it deploys that cash could help decide the November elections. Zoom out: The pro-crypto Fairshake super PAC has a massive $165 million. - But the organization — which receives the bulk of its funding from Coinbase, a cryptocurrency exchange company — has yet to announce which races it will target. - That has infuriated Republicans, who have promoted pro-crypto legislation including the CLARITY Act, which would define how digital assets…Open