Crypto Enthusiasts Install Giant Golden Trump Statue on National Mall

• A 12-foot golden Trump Bitcoin statue was unveiled near the US Capitol by memecoin promoters.

• The stunt coincided with the Federal Reserve’s first 2025 rate cut, fueling crypto market hype.

On Wednesday, Memecoin promoters set up a 12-foot golden statue of President Trump holding Bitcoin in front of the US Capitol. The PR stunt coincided with the first interest rate reduction of 2025 by the Federal Reserve, generating hype around the use of cryptocurrencies.

Tribute to Crypto-Friendly President Sparks Financial Innovation Debate

The shiny statue was located on the National Mall facing Union Square, which is about a mile away from the White House. The tribute was placed on a Pump.fun livestream event to promote their related memecoin project.

Hichem Zaghdoudi, one of the organizers of the statue, said the installation was a way to get people talking about the future of government currency. He has stressed that the monument signifies the crossroads of contemporary politics and the changing financial innovation in the digital asset markets.

This quote demonstrates to all that the mass adoption of Bitcoin would have never been possible without the president, as Zaghdoudi clarified. He attributed the pro-cryptocurrency position of Trump to allowing large institutional investors to adopt digital assets over the past few years.

The time was considered strategic because the Federal Reserve cut interest rates by 25 basis points on Wednesday afternoon. The reduced cost of borrowing is generally advantageous to risky investments such as cryptocurrencies, which can increase the price of Bitcoin and investment in the cryptocurrency sector.

When Trump adopted cryptocurrency in his presidential campaign, it gained financial backing and campaign contributions in the industry. His administration has since diminished regulatory supervision as the Trump family has increased their cryptocurrency investments.

Critics say this poses a potential conflict of interest, considering the influence of the president on digital asset regulation. But proponents argue that the bull market in Bitcoin in fact started in the last Biden administration in late 2023.

The third Trump-themed monument at the National Mall this year is the foam statue, which is easy to transport. Past installations featured protest works that were critical of the president and his controversial connections with convicted people.

An anonymous group of organizers developed associated social media content explaining how the statue was made and installed, and expressed hopes Trump would come see the tribute, apparently unaware of Trump’s current scheduled international travel.

The memecoin project affiliated with the statue relates to a growing interplay between political expression and speculation in cryptocurrency. Publicity stunts like this are increasingly familiar elements of the shifting relationship between digital assets, political messaging, and strategies of public demonstration.

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