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🇺🇸🇨🇳 Trump: “We are ahead of China in the crypto space!”
In a provocative statement, U.S. President Donald Trump said that the United States is “leading China” in the realm of digital currencies, amidst the controversy surrounding his family's project for the meme coin $TRUMP , which has raised ethical questions due to profits flowing directly to the Trump family, according to a New York Times report dated May 13, 2025.
In a notable development, a small company struggling financially with ties to China announced the purchase of $TRUMP and Bitcoin worth $300 million, raising suspicions about an artificial inflation of the currency's value despite its lack of any real use outside of speculation.
These events come amid the escalating trade war between China and the United States, which is starting to impact cryptocurrency markets, as some experts believe it could lead to further decentralization in Bitcoin mining, even though China still holds a significant share of the global hash rate, according to CCN's analysis released in April 2025.
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