{"id":20774,"date":"2025-01-30T10:26:52","date_gmt":"2025-01-30T08:26:52","guid":{"rendered":"https:\/\/forklog.com\/en\/trump-media-ventures-into-cryptocurrency-investments\/"},"modified":"2025-01-30T10:26:52","modified_gmt":"2025-01-30T08:26:52","slug":"trump-media-ventures-into-cryptocurrency-investments","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trump-media-ventures-into-cryptocurrency-investments\/","title":{"rendered":"Trump Media Ventures into Cryptocurrency Investments"},"content":{"rendered":"

The operator of the social platform Truth Social, Trump Media & Technology Group (TMTG), plans<\/a> to invest $250 million in exchange-traded funds, Bitcoin, other cryptocurrencies, and industry-related stocks.<\/p>\n

The board of directors has approved a strategy to expand into financial services, which includes the creation of the Truth.Fi division. Funds are allocated from the company’s cash reserves, which exceeded $700 million as of December 31, 2024.<\/p>\n

Charles Schwab and Yorkville Advisors will act as partners and investment consultants for the initiative.<\/p>\n

Truth.Fi products and services are expected to launch by the end of 2025 “as new agreements are concluded, funding levels are determined, and regulatory approvals are obtained.”<\/p>\n

\n

“Truth.Fi is a natural extension of Truth Social. We started with creating a social media platform for free speech, added a super-fast streaming service [Truth+], and now we’re moving into investment products and decentralized finance,” said TMTG CEO and Chairman Devin Nunes.<\/p>\n<\/blockquote>\n

Meanwhile, Donald Trump has launched a line of signature watches. Several models in the Crypto President series are dedicated to the theme of digital assets.<\/p>\n

\"CRYPTO-PRESIDENT-Trump-Watches-Google-Chrome\"
Source: Trump Watches<\/a>.<\/figcaption><\/figure>\n

Three days before the inauguration on January 20, the sitting U.S. president released<\/a> the “official” meme coin TRUMP.<\/p>\n

Additionally, the DeFi project World Liberty Financial, associated with Trump and his sons, is actively investing<\/a> in digital assets. The platform has already been suspected of insider trading of MOVE tokens.<\/p>\n

Back in previous reports, Trump’s coin raised concerns<\/a> among ethics experts. The U.S. Congress has indicated a potential conflict of interest concerning all of the president’s crypto projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

The operator of the social platform Truth Social, Trump Media & Technology Group (TMTG), plans to invest $250 million in exchange-traded funds, Bitcoin, other cryptocurrencies, and industry-related stocks. The board of directors has approved a strategy to expand into financial services, which includes the creation of the Truth.Fi division. Funds are allocated from the company’s […]<\/p>\n","protected":false},"author":1,"featured_media":20773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,1747,52],"class_list":["post-20774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-financial-services","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20774"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20773"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}