- Memecoin organizers set up a twelve-foot golden statue of Donald Trump holding a Bitcoin outside the U.S. Capitol.
- The statue honors Trump’s perceived support for cryptocurrencies and was timed alongside a key Federal Reserve rate cut.
- The structure, made of hard foam, is linked to a livestream and memecoin campaign by the group Pump.fun.
- This marks the third Trump-related statue on the National Mall in 2025, but the first that expresses support for him.
- Trump and his family have increased their involvement with Bitcoin and crypto, which has raised concerns about conflicts of interest.
A group of cryptocurrency enthusiasts erected a large golden statue of President Donald Trump holding a Bitcoin outside the U.S. Capitol on Wednesday. The installation sits on the National Mall in Washington, D.C., across from Union Square and about a mile from the White House. Organizers describe the statue as a tribute to Trump’s ongoing support of Bitcoin and decentralized technology.
The unveiling took place the same day the Federal Reserve announced a 0.25% reduction in interest rates. Such cuts are often viewed as positive for high-risk assets, such as cryptocurrencies, by reducing borrowing costs.
One of the event’s organizers, Hichem Zaghdoudi, told ABC 7News DC the statue is meant to prompt discussion on the future of government-issued currency. In an interview with DC News Now, Zaghdoudi said, “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.”
Some critics point out that Bitcoin’s rise began under the Biden administration, especially after the launch of U.S. spot Bitcoin exchange-traded funds, which made crypto more accessible to institutional investors. Still, organizers say their statue reflects thanks to Trump for his stance.
The group behind the stunt remains mostly anonymous and used Pump.fun, a memecoin platform, to launch several livestreams tied to the event. The statue, which stands 12 feet tall, is constructed from hardened foam for easy transport, an organizer said during a livestream.
The National Mall has hosted other Trump-themed statues this year. In June, a Gold hand crushing the Statue of Liberty’s crown protested a military parade. Later, a gold television featuring footage of Trump and Jeffrey Epstein referenced controversy over the release of government documents.
For more context, Trump’s and his family’s deepening financial ties with crypto during his presidency have raised questions about possible conflicts of interest, as detailed in these reports and commentary from industry observers.
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