US moves to drop Bitcoin advocate Roger Ver’s tax case with $50M deal

Highlights: A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol. Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market. The installation appeared the same day the Federal Reserve cut interest rates slightly. A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 Golden Trump Statue Honors Crypto Support According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies.  Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market. A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time. Bringing the heat irl #DJTGST pic.twitter.com/KQ0Cwe1kdp — Donald J. Trump Golden Statue (@djtgst) September 15, 2025 Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai. Trump-Linked Crypto Moves Gain Attention The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair.  BREAKING: Federal Reserve officially cuts interest rates by 25bps. pic.twitter.com/mDsK4XaPiB — Bitcoin Magazine (@BitcoinMagazine) September 17, 2025 Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

PANews reported on September 19th that, according to Businesswire, SunCar Technology Group (NASDAQ: SDA), a digital auto insurance and automotive services provider, announced that its board of directors has authorized the company to invest up to $10 million in selected major cryptocurrencies that are expected to benefit from the rapid development of real-world asset (RWA) tokenization. Furthermore, SunCar is exploring strategies to integrate blockchain and risk-weighted asset (RWA) tokenization into its existing cloud-based digital insurance business model.

The post UK politics attempts to copy £5B Trump crypto script, without his levers or power appeared on BitcoinEthereumNews.com. At a London conference this week, Reform UK leader Nigel Farage cast himself as “your champion” for digital assets and sketched a platform that includes a flat 10% capital gains tax on crypto, creation of a roughly £5 billion state Bitcoin reserve anchored in seized coins, a halt to the Bank of England’s digital pound project, and optional tax payments in crypto. The pitch mirrors three policies associated with Donald Trump’s crypto campaign, including opposition to a central bank digital currency, overt alignment with miners and industry, and White House signaling around digital asset strategy that framed leadership in financial technology as a federal priority. However, the channel is clear in the United States, where policy rhetoric has repeatedly shown up in spot Bitcoin ETF flows that feed demand at scale. The UK policy machine runs on a different clock. The Bank of England and HM Treasury remain in the design and exploration phase for a potential digital pound, with no decision to proceed, according to the Bank’s latest progress update last week, the Bank of England says. Near-term attention is on a regulated stablecoin perimeter and custody rules moving through consultation, per the Financial Conduct Authority’s CP25/14. In parallel, the UK is preparing to permit tokenized investment funds, which provides a bank and asset-manager-friendly on-ramp independent of campaign messages. Power, process, and timing limit the translation of Reform UK’s platform into policy. Following the 2024 general election, Reform holds just five seats out of 650, while Labour governs with a large majority. UK tax rates require a Finance Bill. The government sets the reserves framework with the Bank acting as agent, and primary legislation and secondary instruments pass both the Commons and Lords. The next general election is not due until August 2029 under the Dissolution and Calling of…