Golden statue of Mr. Trump holding Bitcoin appeared in front of Capitol: New symbol of "world's cryptocurrency capital".
On September 17, a 3.6 meter tall golden statue depicting US President Donald Trump holding a giant Bitcoin attracted attention when it was erected on 3rd Street, right near the Capitol, Washington DC. This event took place at the same time the US Federal Reserve (FED) announced its decision to cut interest rates, further fueling debates surrounding cryptocurrencies, monetary policy and the regulatory Vai of the federal government.
The cryptocurrency investors behind the statue said their goal was to “pay tribute to President Trump’s strong support for the cryptocurrency industry” and to spark a broader discussion about the future of blockchain, stablecoins, and Bitcoin in the U.S. economy. The statue is also expected to become a public attraction, sending a message that the U.S. is entering a promising era of digital finance.
During his 2024 campaign, Mr. Trump clearly stated his desire to turn the US into the “cryptocurrency capital of the world.” Since winning and becoming president, he has taken strong steps to realize this commitment. Last July, he signed into law the Genius Act , the first US law to set a specific legal framework for stablecoins, requiring issuers linked to USD or government bonds to publicly disclose their collateral assets on a monthly basis. This is XEM a historic step, contributing to strengthening investor confidence and promoting the sustainable development of the cryptocurrency market.
Previously, in April, Mr. Trump appointed businessman Paul Atkins – a longtime cryptocurrency advocate – as Chairman of the US Securities and Exchange Commission (SEC). This move was assessed by analysts as a signal that the new administration is determined to build a more open legal environment for the blockchain industry.
The event of erecting a golden statue of Mr. Trump holding Bitcoin also reflects the optimism of the US cryptocurrency community in the face of major policy changes. Some experts believe that this is a "symbol of new confidence" when the US not only wants to be at the forefront of financial innovation but also affirms its position as a global technology superpower.
Interestingly, the statue was displayed at the same time the Fed cut interest rates – a move that often sends money to alternative investment channels such as gold and Bitcoin. Many analysts believe that the image of Mr. Trump holding Bitcoin could become a “double symbol”: both showing political support and emphasizing the growing Vai of digital currencies in the international financial system.
