The statue, placed on 3rd Street between 9 a.m. and 4 p.m. on September 17, coincided with the Federal Reserve’s announcement of an interest rate cut. The group of investors said the monument was funded as a tribute to Trump’s strong support for digital assets. They described it as a way to spark debate on cryptocurrency, monetary policy, and the federal government’s role in financial markets, while also drawing public attention to crypto adoption.
Trump has not commented on the installation.
During his campaign, he repeatedly vowed to make the U.S. the “crypto capital of the world.” After taking office, he signed the Genius Act in July, creating a regulatory framework for stablecoins backed by the U.S. dollar or government bonds, requiring issuers to publish monthly reserve disclosures.
In April, Trump appointed pro-crypto businessman Paul Atkins as chairman of the U.S. Securities and Exchange Commission.