Washington, D.C: A 12-foot golden statue of President Donald Trump holding a Bitcoin was unveiled outside the US Capitol, drawing crowds and sparking debate.
Funded by cryptocurrency investors, the statue aims to provoke discussion on digital currency, monetary policy, and the federal government’s role in financial markets.
Organizers said it also honors Trump’s outspoken support for cryptocurrency. Several social media posts praised Trump’s pro-crypto stance.
Fed cuts rates for the first time this year
- The Federal Reserve announced a 25-basis-point interest rate cut, lowering the short-term rate from 4.3% to 4.1%.
- Two more cuts are planned this year, with only one expected in 2026. Trump, known for his criticism of Fed Chair Jerome Powell, is being closely watched for his reaction.
