A golden statue of U.S. President Donald Trump holding a bitcoin has been installed near the U.S. Capitol. This interesting news is reported by 'Glavcom', citing WJLA.
The temporary installation is placed on Third Street from 9:00 AM to 4:00 PM. It has been co-funded by a group of cryptocurrency investors. The organizers stated that this installation aims to spark a discussion about the future of digital currency, monetary policy, and the role of the federal government in financial markets.
“The installation is designed to start a dialogue about the future of currency issued by the government, and it is a symbol of the merging of modern politics with financial innovations. Considering that the Federal Reserve shapes economic policy, we hope this statue will encourage people to think about the growing influence of cryptocurrencies,” said Hicham Zaghdi, a representative of the group of cryptocurrency investors who funded this artistic project.
Call to update regulatory approaches to cryptocurrencies
Previously, the Trump administration called on all U.S. government agencies to quickly update regulatory approaches to cryptocurrencies and ensure their full integration into the national economy.
In particular, Trump signed the first large-scale law in the country's history regulating the cryptocurrency market, known as GENIUS.
A golden statue of U.S. President Donald Trump with a bitcoin in hand has appeared in Washington to provoke discussion about the future of cryptocurrencies and their role in financial markets. The current administration also called for updates to regulatory approaches to this type of currency and to promote their full integration into the country's economy. The law GENIUS signed by Donald Trump became the first in the U.S. to regulate the cryptocurrency market.