#TrumpTariffs # Trump's Claim on Leadership in Crypto and Its Implications

President Donald Trump has recently stated that the United States is leading China in the realm of cryptocurrencies. This claim comes at a time when his family is actively involved in the memecoin $TRUMP, raising ethical concerns about the direction of the profits, which flow directly to them, according to a *New York Times* report from May 13, 2025.

## The Adventure of $TRUMP

The popularity of the memecoin $TRUMP has grown, especially after the announcement of a small company with ties to China that, facing financial difficulties, decided to purchase $300 million in $TRUMP and Bitcoin. This action could inflate the value of the memecoin, although its utility is primarily limited to speculation. This phenomenon highlights the speculative frenzy surrounding crypto projects associated with Trump.

## Impact of the Tariff War

The tariff war between the United States and China, which is intensifying according to a *Reuters* report from May 14, 2025, has had an indirect impact on cryptocurrency markets. Some experts suggest that this situation could decentralize Bitcoin mining, although China still maintains significant control, dominating a considerable portion of the global hash rate, according to an analysis by *CCN* from April 2025.

Trump has also announced plans to impose additional tariffs on countries that tax U.S. exports. Furthermore, he has stated that Congress is close to passing the largest tax cut bill in U.S. history, describing it as a “rocket” for the national economy. This combination of tax cuts and new trade measures could result in stronger economic growth and increased investor confidence. However, it could also generate uncertainty in global trade and inflationary risks.