💥Breaking News💥
🇺🇸🇨🇳 President Trump says "we're leading China in crypto."
President Trump’s claim that the U.S. is leading China in crypto comes amid his family’s $TRUMP memecoin venture, which has raised ethical concerns due to profits funneling directly to the Trumps, as reported by The New York Times on May 13, 2025.
A small, financially struggling company with China ties announced a $300 million purchase of $TRUMP RUMP and Bitcoin, potentially inflating the memecoin’s value, despite its lack of utility beyond speculation, highlighting the speculative frenzy around Trump’s crypto projects.
The U.S.-China tariff war, escalating as of Reuters’ May 14, 2025, report, has indirectly impacted crypto markets, with some experts noting it could decentralize Bitcoin mining, though China still dominates, controlling a significant share of global hashrate per CCN’s April 2025 analysis.
