🇺🇸🇨🇳 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 and $BTC , 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 $BTC Bitcoin mining, though China still dominates, controlling a significant share of global hashrate per CCN’s April 2025 analysis.
