A crypto-backed 12-foot golden statue of President Trump holding a Bitcoin sparks debate on digital currency and monetary policy outside the US Capitol.
A 12-foot golden statue of President Donald Trump holding a Bitcoin has been installed outside the US Capitol, drawing crowds and controversy. The unveiling coincided with the Federal Reserve’s announcement of a 25-basis-point interest rate cut. According to ABC affiliate WJLA, the statue was funded by cryptocurrency investors.
Group members said the statue paid tribute to Trump’s outspoken support for cryptocurrency and is expected to draw attention from observers throughout the day.
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