Trump Bitcoin Statue Unveiled Outside US Capitol Amid Fed Rate Cut

A 12-foot golden statue of President Donald Trump clutching a Bitcoin was unveiled on 3rd Street just outside the U.S. Capitol today, drawing crowds and sparking debate on digital currency and monetary policy.

The installation, funded by a consortium of cryptocurrency investors, coincided with the Federal Reserve’s decision to cut interest rates by 25 basis points, underscoring tensions between traditional finance and emerging digital assets.

Statue Aims to Ignite Crypto Conversation

  • Funded by Bitcoin advocates to highlight Trump’s support for digital currency and prompt discussion on the government’s role in financial markets.
  • Installed from 9 a.m. to 4 p.m. on 3rd Street; organizers timed the reveal to align with the Fed’s rate announcement.
  • Hichem Zaghdoudi, spokesperson for the collective, described the piece as “a symbol of the intersection between modern politics and financial innovation”.

Federal Reserve Cuts Rates for First Time in 2025

  • At 2 p.m., the Fed lowered its benchmark rate to 4.1 percent from 4.3 percent, marking its first reduction since December 2024.
  • Fed officials signaled only one more cut in 2026 despite market expectations for additional rate relief.
  • Trump’s frequent criticism of Fed Chair Jerome Powell adds political weight to the timing of the statue and the policy shift.

Public Reaction and Controversy

  • Social media buzzed with images of the gleaming statue, with commentators splitting between praising Trump’s crypto stance and decrying the stunt as publicity-driven.
  • Some lawmakers expressed concern that the spectacle distracts from more pressing Capitol business, while crypto proponents hailed it as powerful performance art.
  • The temporary nature of the installation has led to questions about permits and authorization, though organizers claim all necessary approvals were obtained.

The statue remains on display through today, inviting both tourists and policymakers to engage in the growing debate over the future of currency and the federal government’s influence on financial innovation.