Trump Media partners with Charles Schwab, expands into crypto financial services
Trump Media and Technology Group (TMTG) has announced its expansion into financial services and cryptocurrencies through a new platform called Truth.Fi. In collaboration with Charles Schwab, TMTG plans to offer managed accounts, customized exchange-traded funds, and various cryptocurrency services. TMTG CEO Devin Nunes expressed that Truth.Fi aims to provide financial alternatives to Americans, emphasizing free speech in opposition to Big Tech. Additionally, in September 2024, President Trump was reported to have launched a decentralized finance (DeFi) platform, raising questions about its timing and sustainability. World Liberty Financial, affiliated with Trump, has acquired significant cryptocurrency holdings valued at over $394 million, including large amounts of Ether and Wrapped Bitcoin. The speculation surrounding the acquisitions of Ethereum name service (ENS) domains suggests potential future ambitions in the digital asset market, although no formal announcements have been made regarding further developments or projects on Ethereum.
Source 🔗