Meme Coin Enthusiast Erects Gold Statue of Bitcoin in Honor of Trump Near US Capitol

On Wednesday, September 18th, meme coin enthusiasts carried out a stunt during a live broadcast on Pump.fun. They placed a huge gold statue of President Donald Trump holding a Bitcoin outside the United States Capitol Building as a tribute to this crypto-friendly president. The statue was set up across from Union Square in Washington, D.C., which is on the National Mall leading to Capitol Hill and about a mile away from the White House. The event's website stated that this action was to pay tribute to Trump's firm commitment to "paving the way for the financial future through Bitcoin and decentralized technology." As the statue was unveiled, the Fed cut interest rates by 25 basis points for the first time this year. This is generally regarded as positive for risk assets like cryptocurrencies because it reduces the cost of borrowing. The organizers emphasized Trump's pro-crypto stance. One of the statue's organizers, Hichem Zaghdoudi, told ABC 7News DC that the statue "aims to stimulate a discussion about the future of government-issued money and is a symbol of the intersection of modern politics and financial innovation."