A 12-foot gold statue of President Donald Trump holding a bitcoin has been unveiled outside the U.S. Capitol, coinciding with the Federal Reserve’s decision to cut interest rates.
As reported by WJLA, the statue, which is over 3.5 meters tall, was financed by a collective of cryptocurrency investors, and the installation itself, according to the organizers, is intended to provoke a discussion about the future of digital currency and monetary policy.
It is noted that the US Federal Reserve has lowered the federal funds rate by 25 basis points. Its new range is now 4%-4.25%. This is the first reduction since December 2024.
The US Federal Reserve said in a press release that economic activity growth slowed in the first half of the year, employment grew at a weaker pace, and the unemployment rate rose slightly, although it remains low. At the same time, inflation accelerated and remains above the target level.
Crypto investor collective representative Hicham Zagdoudi said the installation is intended to spark a debate about the future of government-issued currency and is a symbol of the intersection of modern politics and financial innovation.
"As the Federal Reserve shapes economic policy, we hope this statue prompts reflection on cryptocurrency’s growing influence," the crypto investor concluded.
Recall, the family of US President Donald Trump received more than $5 billion in assets after the start of trading in the new cryptocurrency WLFI from their project World Liberty Financial. According to The Wall Street Journal, thanks to the launch of trading, WLFI became the most valuable asset of the Trump family, surpassing the real estate portfolio.
World Liberty Financial, created with the participation of the president's sons and Donald Trump himself as an "honorary co-founder," positions WLFI as not just a speculative cryptocurrency, but as a "governance token" for the new digital economy.
As we previously reported, Eric Trump and Donald Trump Jr., the US president’s sons, recently took a 20% stake in a newly formed mining venture called American Bitcoin. The deal combines the Trump brothers’ company, American Data Centers, with a mining firm majority-owned by crypto infrastructure company Hut 8. Together, the companies aim to build what they call the world’s largest Bitcoin mining operation — complete with their own reserve of the digital asset.
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