• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Cryptocurrency

Trump Media targets crypto investments with push into financial services

n70products by n70products
January 29, 2025
in Cryptocurrency
0
Trump Media targets crypto investments with push into financial services
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Unlock the White Home Watch e-newsletter totally free

Your information to what the 2024 US election means for Washington and the world

US President Donald Trump’s Fact Social is increasing past social media with plans to launch a monetary providers enterprise that may make investments as much as $250mn into cryptocurrency and different property.

Trump Media and Expertise Group, by which the president is a majority shareholder, on Wednesday mentioned it might launch Fact.Fi, a monetary providers platform that probably plans to purchase bitcoin and different cryptocurrencies, in addition to conventional property. TMTG shares closed up 6.8 per cent in New York.

The corporate added Fact.Fi would “deal with investments in American development, manufacturing, and power firms in addition to investments that strengthen the patriot economic system”.

It comes after the president has championed the crypto business throughout his marketing campaign and since changing into president. Alongside his sons, Trump arrange a crypto platform referred to as World Liberty Monetary final yr, and earlier this month he and first woman Melania Trump each launched memecoins — a sort of cryptocurrency with no underlying enterprise mannequin or money stream.

TMTG runs the Fact Social media platform, in addition to a tv streaming service and unsuccessfully tried to buy Bakkt, a cryptocurrency buying and selling venue, final November. Its chief govt is Devin Nunes, chair of the president’s intelligence advisory board and former Republican congressman.

Fact.Fi is a “pure enlargement of the Fact Social motion”, Nunes mentioned. “American patriots can defend themselves from the ever-present risk of cancellation, censorship, debanking, and privateness violations dedicated by Huge Tech and woke companies.”

Charles Schwab, the brokerage, will custody the property and “broadly advise” on Fact.Fi’s funding plans. The dealer doesn’t supply direct buying and selling in bitcoin or different related currencies however indicated it might transfer into crypto if guidelines permitted.

Final week, the Securities and Trade Fee repealed an accounting rule with the intention to make it simpler for conventional banks to carry crypto property on behalf of their purchasers. TMTG mentioned it had greater than $700mn in money reserves on the finish of 2024.

“As a matter of coverage, we don’t touch upon any present or former shopper actions,” Schwab mentioned in a press release to the Monetary Instances.

Samantha Schwab, the granddaughter of billionaire founder Charles Schwab, was named deputy chief of employees on the US Treasury earlier this month.

TMTG’s announcement got here at some point after Elon Musk’s X introduced a partnership with Visa to launch a monetary providers platform for the social media firm, which it mentioned could be referred to as X Cash Account.

X plans to launch a peer-to-peer cost platform powered by Visa later this yr.

Additionally on Wednesday, Chris LaCivita, co-campaign supervisor on Trump’s presidential bid, was appointed to the worldwide advisory board of crypto change Coinbase, additional underscoring the hyperlink between the digital asset business and Trump loyalists.



Source link

Tags: CryptoFinancialinvestmentsmediaPushServicesTargetsTrump
Previous Post

BTC ETFs lose $457M after DeepSeek’s market entry – Details

Next Post

Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level

Next Post
Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level

Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Avalanche Foundation Reveals Launch of New Visa Spending Card Linked to Self-Custody Wallet

Avalanche Foundation Reveals Launch of New Visa Spending Card Linked to Self-Custody Wallet

October 22, 2024
Coinbase Rolls Out Trading Support for Brand-New Native Token of Ethereum Layer-2 Restaking Protocol

Coinbase Rolls Out Trading Support for Brand-New Native Token of Ethereum Layer-2 Restaking Protocol

November 9, 2024

Hyperscale vs. colocation: Go big or go rent?

March 28, 2024

Recents

Vatican Bank Denies Ties to Scam Project Promoting Fake Crypto Token

Vatican Bank Denies Ties to Scam Project Promoting Fake Crypto Token

July 11, 2025
Bitcoin Soared—But Mainstream News Was Missing In Action, Study Reveals

Bitcoin Soared—But Mainstream News Was Missing In Action, Study Reveals

July 11, 2025
SEC Commissioner Peirce Declares Tokenized Securities Under the Purview of the Regulator

SEC Commissioner Peirce Declares Tokenized Securities Under the Purview of the Regulator

July 11, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version