A 12-foot golden statue of President Donald Trump holding a Bitcoin was installed outside the U.S. Capitol, coinciding with the Federal Reserve’s upcoming interest rate decision on Wednesday.
Set to be announced at 2 p.m., the Fed is expected to slash its key rate by a quarter point to about 4.1%, marking the first cut since Dec. 2024. Last year, the central bank lowered rates three times due to concerns that job growth was slowing and unemployment was rising.
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The temporary installation, located on 3rd Street from 9 a.m. to 4 p.m., was funded by a collective of cryptocurrency investors. Organizers said the piece is intended to provoke debate about the future of digital currency, monetary policy, and the federal government’s role in financial markets.
“The installation is designed to ignite conversation about the future of government-issued currency and is a symbol of the intersection between modern politics and financial innovation,” said Hichem Zaghdoudi, a representative of the collective of crypto investors who have funded this artistic installation. “As the Federal Reserve shapes economic policy, we hope this statue prompts reflection on cryptocurrency’s growing influence.”
Group members said the statue paid tribute to Trump’s outspoken support for cryptocurrency and is expected to draw attention from observers throughout the day.