$TRUMP
Trump recently claimed that the U.S. is pulling ahead of China in the crypto space, a bold statement made as the \$TRUMP memecoin—linked to his family—saw a sharp rise in value. According to The New York Times (May 13, 2025), profits from the token are going directly to the Trump family, raising ethical concerns.
Adding to the controversy, a struggling company with connections to China announced a \$300 million investment split between \$TRUMP and Bitcoin. This move has led to speculation about market manipulation and questions about whether the token’s value is being artificially inflated, especially since it lacks strong real-world use.
At the same time, the U.S.-China tariff conflict continues to intensify. Reuters (May 14, 2025) reports that this trade tension is putting pressure on global markets, including crypto. Some analysts believe it may accelerate the decentralization of Bitcoin mining.
Despite Trump’s claims, China still holds a powerful position in crypto infrastructure. As of April 2025, CCN reported that China continues to control a large share of the global Bitcoin hashrate.