Trump Boasts U.S. Crypto Dominance Over China as $TRUMP Toke
fulldeg
Updated at: 6 hours ago
{"content":"Trump Boasts U.S. Crypto Dominance Over China as $TRUMP Token Sparks Controversy**
Former President Donald Trump has declared that the U.S. is **"leading China in crypto"**—a claim that comes amid scrutiny over his family’s ties to the **$TRUMP memecoin**. According to *The New York Times* (May 13, 2025), proceeds from the token directly benefit the Trump family, raising ethical concerns.
Adding to the controversy, a **financially struggling firm with Chinese links** announced a **$300 million investment** into both $TRUMP and Bitcoin, fueling speculation about **market manipulation** and artificial price inflation for a token with little real-world use.
Meanwhile, the **escalating U.S.-China tariff war** (*Reuters, May 14, 2025*) is sending ripples through crypto markets. Some experts suggest it could **accelerate Bitcoin mining decentralization**, though China still commands a **massive share of the global hashrate** (*CCN, April 2025*).
#TrumpTariffs ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/14/9bafa62c250247619b43ef8ae048b2eb.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}