A 12-foot golden statue depicting President Donald Trump holding a Bitcoin coin was unveiled outside the U.S. Capitol on 3rd Street on Wednesday, coinciding with the Federal Reserve's announcement of a 25-basis-point interest rate cut, as cryptocurrency advocates aim to highlight the intersection of politics and digital finance.

The temporary installation, which drew crowds and mixed reactions on social media, features Trump in a suit, gripping a large Bitcoin symbol, and is positioned near the Capitol Building. Social media users praised it as a tribute to Trump's pro-crypto stance, with comments like "He's the best!" and "The GOAT!! He’s working hard to make America the crypto hub!" circulating widely.

The statue's placement just hours before the Fed's decision to lower the federal funds rate to 4.00%-4.25%—the first cut since December—added to its timeliness, amid ongoing discussions about monetary policy and the role of digital currencies.Organizers, a collective of cryptocurrency investors, funded the piece to provoke conversation on the future of government-issued currency, monetary policy, and the federal government's influence on financial markets.

Hichem Zaghdoudi, a representative for the group, described it as "a symbol of the intersection between modern politics and financial innovation," hoping it would prompt reflection on cryptocurrency's rising impact as the Fed navigates economic challenges including tariffs and immigration policies.

The Federal Reserve's move addressed growing concerns over the labor market's health, with officials projecting two more cuts this year. Chair Jerome Powell noted the unchanged rate earlier in 2025 was due to evaluations of Trump administration policies' effects on inflation.

The statue's appearance has fueled both support from crypto enthusiasts and criticism from those viewing it as political theater, underscoring Trump's vocal advocacy for cryptocurrencies during his presidency.The installation is temporary and open to the public during daylight hours, with no immediate plans for removal reported by authorities.