$BTC

URGENT: Trump says the US is outpacing China in cryptocurrency

Donald Trump has just stated that America is surpassing China in the cryptocurrency game — but there are other aspects to this story. While he makes these bold claims, his family is actually profiting from their own meme coin, TRUMPcoin, raising serious ethical questions. According to a recent New York Times article (May 13, 2025), the profits from TRUMPcoin directly benefit the Trumps.

Even more surprisingly, a struggling company with ties to China has just purchased TRUMPcoin and Bitcoin worth $300 million. This move may have boosted the price, although the coin does nothing but inflate.

And all of this is happening against the backdrop of the US-China trade war heating up again (according to Reuters, May 14). This tension is shaking the cryptocurrency markets. Some experts say it could lead to a more global spread of Bitcoin mining, but China still holds a huge share of mining power, according to an April 2025 report from