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🇺🇸🇨🇳 Trump Claims U.S. Is Beating China in Crypto

Former President Donald Trump has declared that the United States is "leading China in crypto"—a bold statement made amid the rise of the Trump family’s $TRUMP memecoin initiative. According to a May 13, 2025, report from The New York Times, the venture has sparked ethical questions, as profits from the token reportedly flow directly to the Trumps.

Adding to the controversy, a financially distressed company with ties to China recently announced a $300 million investment in both $TRUMP and Bitcoin. The move has drawn scrutiny for potentially inflating the memecoin’s value, which lacks practical use beyond market speculation.

Meanwhile, the ongoing U.S.-China tariff standoff—intensifying per Reuters on May 14—has begun to ripple into the crypto space. Some analysts suggest it may contribute to a decentralization of Bitcoin mining. However, China still maintains dominance, controlling a significant portion of global mining power, according to CCN’s April 2025 analysis.