#TrumpTariffs
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🇺🇸🇨🇳 Trump Claims U.S. Leading China in Crypto
Former President Donald Trump has asserted that the U.S. is outpacing China in the cryptocurrency space. His statement coincides with the launch of his family’s $TRUMP memecoin project, which has sparked ethical concerns as profits reportedly flow directly to the Trump family, according to The New York Times (May 13, 2025).
Adding fuel to the controversy, a small financially distressed company with links to China announced a $300 million investment in $TRUMP and $BTC raising suspicions of artificial inflation of the memecoin's value, despite its lack of real-world utility.
Meanwhile, the ongoing U.S.-China tariff conflict, reported by Reuters on May 14, 2025, is influencing the broader crypto market. Experts suggest the tensions might shift Bitcoin mining away from China, although the country still maintains a dominant share of global mining power, as highlighted in CCN’s April 2025 report.
