Highlights: A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol. Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market. The installation appeared the same day the Federal Reserve cut interest rates slightly. A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 Golden Trump Statue Honors Crypto Support According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies.  Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market. A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time. Bringing the heat irl #DJTGST pic.twitter.com/KQ0Cwe1kdp — Donald J. Trump Golden Statue (@djtgst) September 15, 2025 Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai. Trump-Linked Crypto Moves Gain Attention The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair.  BREAKING: Federal Reserve officially cuts interest rates by 25bps. pic.twitter.com/mDsK4XaPiB — Bitcoin Magazine (@BitcoinMagazine) September 17, 2025 Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Highlights: A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol. Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market. The installation appeared the same day the Federal Reserve cut interest rates slightly. A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 Golden Trump Statue Honors Crypto Support According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies.  Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market. A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time. Bringing the heat irl #DJTGST pic.twitter.com/KQ0Cwe1kdp — Donald J. Trump Golden Statue (@djtgst) September 15, 2025 Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai. Trump-Linked Crypto Moves Gain Attention The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair.  BREAKING: Federal Reserve officially cuts interest rates by 25bps. pic.twitter.com/mDsK4XaPiB — Bitcoin Magazine (@BitcoinMagazine) September 17, 2025 Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Golden Trump Bitcoin Statue Unveiled Outside US Capitol Honoring His Crypto Support

2025/09/18 22:42

Highlights:

  • A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol.
  • Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market.
  • The installation appeared the same day the Federal Reserve cut interest rates slightly.

A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike.

Golden Trump Statue Honors Crypto Support

According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies. 

Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market.

A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time.

Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai.

Trump-Linked Crypto Moves Gain Attention

The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair. 

Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

Visit eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Japan’s Iron Lady Sanae Takaichi May Reshape Crypto Policy

Japan’s Iron Lady Sanae Takaichi May Reshape Crypto Policy

On October 4, 2025, Sanae Takaichi was elected as the new leader of Japan’s Liberal Democratic Party. She is expected to be nominated as the country’s first female prime minister during the extraordinary Diet session on October 15. Known for her pro-growth and fiscally proactive approach, Takaichi’s economic policies prioritize ending deflation and promoting economic expansion. While she has not made explicit statements on cryptocurrency, her fiscal stance and potential cooperation with opposition parties could influence crypto taxation reforms, which the Japanese digital asset industry has long anticipated. Japan’s Iron Lady: Takaichi’s Profile Takaichi has long admired the late British Prime Minister Margaret Thatcher. Her admiration brings her closer to realizing ambitions linked to the “Iron Lady” persona. Born in 1961, Takaichi graduated from Kobe University’s Faculty of Business Administration, trained at the Matsushita Institute of Government and Management, and gained practical experience as a US Congressional Fellow. After working as a television broadcaster, she was first elected to the House of Representatives in 1993 and is currently serving her tenth term. As a politician, she has held key positions, including three terms as Minister of Internal Affairs and Communications and Economic Security Minister and special appointments at the Cabinet Office. She played a central role during the Abe administration, demonstrating economic and security policy influence. After being elected LDP leader, she stated, “I will have everyone work like carriage horses. I will abandon the concept of work-life balance,” emphasizing her determination. Contrasting Stances with Former Prime Minister Ishiba Takaichi’s approach to cryptocurrency and Web3 differs from that of former Prime Minister Ishiba. In August 2025, Ishiba expressed support for Web3 and blockchain technology at WebX2025, the country’s largest Web3 conference. However, when questioned about separate taxation for cryptocurrency in December 2024 during a Diet session, Ishiba showed a cautious stance, which disappointed some industry stakeholders. Although Ishiba spoke positively at public events, he remained reluctant to pursue concrete tax reforms. Takaichi has not made specific statements on cryptocurrency policy, but her proactive fiscal approach and tax-reduction orientation may indirectly support reforms in the sector. Opposition Cooperation and Potential Tax Reforms A key factor for potential cryptocurrency tax reform is Takaichi’s policy toward opposition parties. She has indicated intentions to strengthen cooperation with the Japan Innovation Party and the Democratic Party for the People, which have historically supported cryptocurrency tax reforms. The Democratic Party for the People has historically supported crypto tax reforms. Its leader, Yuichiro Tamaki, expressed disappointment with former Prime Minister Ishiba’s cautious stance. The Japan Innovation Party has also been positive toward deregulation and tax reform. If Takaichi strengthens cooperation with these oppositions, the likelihood of implementing cryptocurrency tax reforms as part of a broader tax reduction policy could increase. On August 29, 2025, the Financial Services Agency(FSA) formally requested a review of cryptocurrency taxation for FY2026. Proposed measures include: introducing separate taxation—aligning crypto gains with equities at approximately 20%, compared to the current progressive rate of up to 55%—and allowing loss carryforwards for up to three years. The government’s “New Capitalism Grand Design 2025 Revision” explicitly mentions considering separate taxation. If Takaichi deepens cooperation with opposition parties and prioritizes tax reductions, these reforms could be realized in the 2026 ordinary Diet session. Trump Visits Japan: Implications for Crypto Policy One of Takaichi’s first significant foreign policy challenges will be the scheduled visit of US President Donald Trump in late October. Trump is expected to visit Japan for three days starting around October 27. During this visit, he will hold his first summit with Takaichi. Since assuming office in January 2025, Trump has stated his intention to make the US a global center for crypto, implementing policies such as building Bitcoin strategic reserves and establishing a cryptocurrency advisory committee. Both leaders’ shared pro-growth perspectives may allow for economic policy coordination during the meeting. However, Takaichi’s conservative values may affect the degree to which she aligns with Trump’s crypto initiatives. Any discussions on Bitcoin reserves or crypto deregulation will be an essential indicator for Japan’s cryptocurrency industry. Uncertainties and Potential Impacts Significant uncertainties remain regarding Takaichi’s cryptocurrency policies. Her primary focus may remain on traditional industry policies and national security. Cabinet appointments are a key factor. Finance Minister Katsunobu Kato’s retention could maintain policy continuity. However, Kato had limited engagement on crypto issues under Ishiba, which could limit drastic changes. Digital Minister Masaki Taira has also not articulated specific positions on cryptocurrency or Web3. Takaichi’s proactive fiscal policy could have potential negative impacts. Aggressive government spending might accelerate inflation, prompting the Bank of Japan to tighten monetary policy, which could be a headwind for risk assets, including cryptocurrencies. Her conservative orientation could lead to stricter measures against money laundering and terrorist financing. Furthermore, her interest in semiconductors and traditional manufacturing may deprioritize cryptocurrency and Web3. Takaichi’s election as LDP leader represents a turning point for the cryptocurrency industry in Japan. Strengthened cooperation with opposition parties and her tax-reduction stance may create opportunities for long-sought reforms, such as separate taxation and loss carryforwards. However, her limited direct engagement with cryptocurrency, potential regulatory tightening, and fiscal policy risks also create uncertainties. Cabinet appointments, opposition coordination, and the outcome of the Trump summit in late October will be critical factors influencing the industry’s future.
Share
Coinstats2025/10/06 09:44
Share
Bitcoin mining company Cango mined about 616 bitcoins in September, bringing its total holdings to 5,810.

Bitcoin mining company Cango mined about 616 bitcoins in September, bringing its total holdings to 5,810.

PANews reported on October 6 that the crypto mining company Cango released its September production and mining update. This month, Cango mined a total of 616.6 bitcoins, bringing its total bitcoin holdings to 5,810.
Share
PANews2025/10/06 11:07
Share
Morocco, UNDP drive digital hub as biometrics reshape travel

Morocco, UNDP drive digital hub as biometrics reshape travel

The post Morocco, UNDP drive digital hub as biometrics reshape travel appeared on BitcoinEthereumNews.com. Homepage > News > Business > Morocco, UNDP drive digital hub as biometrics reshape travel Morocco is solidifying its position as the regional leader in digital transformation through a new partnership with the United Nations Development Programme (UNDP) to accelerate the adoption of emerging technologies. According to a joint statement, the collaboration powers the rollout of the Digital for Sustainable Development (D4SD) Hub, an initiative designed to advance people-centered and innovative solutions and provide support for Arab and African countries interested in transforming their local economies with advanced technologies. The official launch took place on the sidelines of the 80th United Nations General Assembly (UNGA-80) in New York, which was attended by UN officials, private sector operators, and member-state representatives. Representatives from the Middle East and North Africa (MENA) pledged to develop an artificial intelligence (AI) and Data Science Alliance to harmonize standards in readiness for the D4SD Hub. The newly minted Hub will prioritize digital public infrastructure (DPI) and AI adoption in African and Arab countries. With AI, the Hub will pay keen attention to promoting use cases in health, education, and climate resistance, backing local innovation across the region. “The adoption of Artificial Intelligence has emerged as a decisive global issue, and Morocco is determined to play an active role by harnessing this technology in the service of inclusive and sustainable human development,” said Aziz Akhannouch, Head of Government of the Kingdom of Morocco. In the weeks leading to the official launch, Morocco and the UNDP had inked a Memorandum of Understanding (MoU), pledging $38 million over a three-year window for the D4SD Hub. While the bulk of the funds came from Moroccan authorities, the report noted that the UNDP pledged $1 million as an in-kind contribution to accelerate efforts. “Through the D4SD Hub, Morocco and UNDP are…
Share
BitcoinEthereumNews2025/10/06 11:01
Share