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🇺🇸🇨🇳 Trump Claims U.S. is Outpacing China in Crypto

Former President Donald Trump has declared that the United States is "leading China in crypto," a statement that coincides with his family's controversial involvement in the $TRUMP meme coin. According to a May 13, 2025, New York Times report, the coin has sparked ethical concerns due to profits reportedly flowing directly to the Trump family.

A financially distressed company with ties to China recently announced a $300 million investment in both $TRUMP and Bitcoin$BTC . Analysts suggest this could artificially inflate the value of the meme coin, which lacks clear utility and is driven largely by speculation.

Meanwhile, the U.S.-China tariff war has intensified, according to Reuters on May 14, 2025. This economic tension is also affecting the crypto landscape, with experts suggesting it may push Bitcoin mining to become more decentralized. However, China continues to maintain a dominant position, holding a substantial share of the global mining hashrate, as reported by CCN in April 2025.