Emre Yumlu 
The crypto community has once again blended politics with spectacle. A group of memecoin enthusiasts, streaming live through Pump.fun, unveiled a massive golden statue of Donald Trump holding a Bitcoin right across from the U.S. Capitol in Washington, D.C.
A Symbol of Bitcoin and Politics
Placed near Union Square on the National Mall, the 12-foot-tall statue was created to symbolize Trump’s perceived support for cryptocurrency. According to the organizers’ website, the project was described as a tribute to Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.”
Coinciding with the Fed’s Rate Cut
The unveiling came on the same day the U.S. Federal Reserve announced its first interest rate cut of the year, lowering rates by 25 basis points. Such moves are typically seen as bullish for risk assets like crypto, since cheaper borrowing costs often encourage investors to allocate more capital into alternative markets.
Trump’s Ties to Crypto and Bitcoin
Trump has been the first presidential candidate to openly embrace crypto during his campaign, which led to significant financial backing from the digital asset industry. During his presidency, both he and his family expanded their crypto holdings while simultaneously scaling back regulatory oversight, sparking debates over potential conflicts of interest.
Organizers: “A Thank You for the Future”
One of the organizers, Hichem Zaghdoudi, explained the intent behind the statue:
“This statue was designed to spark conversation about the future of government-issued currency and to serve as a symbol of the intersection between modern politics and financial innovation.”
Zaghdoudi added that without Trump’s stance, mass adoption of Bitcoin might not have unfolded so rapidly. “This is our thank you, our statement to the president,” he said.
Built from Foam, Linked to Memecoin Culture
To keep it lightweight and transportable, the statue was built from special hardened foam. Videos shared on social media show the head of the statue being carved with CNC machinery before being carried to the site by several people.
In line with memecoin culture, the organizers also launched a token on Pump.fun tied to the stunt, promoting it through multiple livestreams.
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