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Trump Declares U.S. "Leading China in Crypto" Amid Controversial $TRUMP Token Surge
Former President Donald Trump claims the U.S. is outpacing China in the crypto race—a bold statement coinciding with his family's involvement in the $TRUMP memecoin, which has sparked ethical concerns. According to The New York Times (May 13, 2025), profits from the token flow directly to the Trump family.
In a surprising move, a financially troubled company with Chinese ties announced a $300 million investment in both $TRUMP and Bitcoin, raising questions about market manipulation and artificially inflating the token’s value, despite its limited real-world utility.
Meanwhile, the ongoing U.S.-China tariff war—escalating per Reuters (May 14, 2025)—is indirectly shaking up crypto markets. Some analysts suggest it could further decentralize Bitcoin mining. Still, China maintains dominance, controlling a significant portion of the global hashrate, according to CCN (April 2025).
