A giant golden statue of United States President Donald Trump holding a Bitcoin appeared near the US Capitol. The post All Hail Trump? Crypto Fans Build 12-Foot Golden Trump Bitcoin Statue in DC appeared first on Coinspeaker.A giant golden statue of United States President Donald Trump holding a Bitcoin appeared near the US Capitol. The post All Hail Trump? Crypto Fans Build 12-Foot Golden Trump Bitcoin Statue in DC appeared first on Coinspeaker.

All Hail Trump? Crypto Fans Build 12-Foot Golden Trump Bitcoin Statue in DC

2025/09/18 16:34

A massive 12-foot golden statue of United States President Donald Trump holding a Bitcoin was unveiled on Sept. 17 just outside the US Capitol, drawing crowds, social media buzz, and political debate.

The installation was funded and organized by a group of crypto enthusiasts and memecoiners, carried out as part of a Pump.fun livestream stunt aimed at honoring the president’s pro-crypto outlook.

A Symbolic Tribute on the National Mall

The statue was positioned near Union Square on the National Mall, facing Capitol Hill and roughly a mile from the White House.

A website tied to the stunt described the piece as a tribute to Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.”

Hichem Zaghdoudi, one of the organizers, told local reporters the statue was “designed to ignite conversation about the future of government-issued currency and is a symbol of the intersection between modern politics and financial innovation.”

Images posted online show the giant golden Trump, crafted from lightweight, hardened foam, being carried into place by several people. Organizers said they hoped Trump himself might see it, though the president was in the UK at the time.

Trump’s visit to the UK included high-profile meetings on tariffs, AI, and trade. Crypto leaders are lobbying for him to push Britain toward clearer digital asset rules, arguing that the country risks falling behind the EU, Singapore, and Dubai.

According to a Bloomberg report, industry giants from Coinbase to Ripple are pressing UK officials to speed up regulatory frameworks, while Trump positions the US as a leader in digital asset adoption

US: The World’s Crypto Capital?

Trump’s presidency has been closely tied to cryptocurrency. His campaign received massive financial backing from the crypto industry, and his family has deepened its own exposure through World Liberty Financial Inc.

Notably, World Liberty Financial partnered with the Digital Freedom Fund PAC, spearheaded by the well-known Winklevoss twins. Their goal is to cement the US as the world’s cryptocurrency capital.

While critics raise concerns over conflicts of interest with Trump rolling back regulatory oversight of the sector, crypto fans couldn’t be happier as investors wait for the next crypto to explode under the Trump administration.

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The post All Hail Trump? Crypto Fans Build 12-Foot Golden Trump Bitcoin Statue in DC appeared first on Coinspeaker.

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UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
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BitcoinEthereumNews2025/09/17 23:52