12-Foot Golden Statue Of Trump Holding Bitcoin Installed Outside US Capitol

Last Updated:September 18, 2025, 07:51 IST

It came on the same day when the Federal Reserve cut its key interest rate by a quarter-point.

Golden statue of Donald Trump (Credits: X)

A 12-foot golden statue of US President Donald Trump was installed outside the US Capitol. The statue depicting Trump holding a Bitcoin coincided with the Federal Reserve’s decision on Wednesday to cut its key interest rate by a quarter point, with projections of two more reductions this year amid growing concerns over the nation’s labour market.

According to some reports, “Organisers said the piece is intended to provoke debate about the future of digital currency, monetary policy, and the federal government’s role in financial markets.”

Social Media Reaction

Netizens were quick to react to the statue. Several took to their social media handles to praise the president’s pro-cryptocurrency stance.

Federal Reserve Cuts Key Rate By Quarter-point

On Wednesday, the Federal Reserve cut its key interest rate by a quarter-point. It has decreased its short-term rate to about 4.1 per cent, down from 4.3 per cent.

The US Federal Reserve under Chair Jerome Powell did not raise or lower interest rates for a period of time earlier in the year to keep a check on the impact of tariffs (taxes on imports), stricter immigration rules, and other measures that would affect inflation (prices rising) and the overall economy.

About the Author

Anushka Vats

Anushka Vats is a Sub-Editor at News18.com with a passion for storytelling and a curiosity that extends beyond the newsroom. She covers both national and international news. For more stories, you can follow her…Read More

Anushka Vats is a Sub-Editor at News18.com with a passion for storytelling and a curiosity that extends beyond the newsroom. She covers both national and international news. For more stories, you can follow her… Read More

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