Trump Media & Technology Group (TMTG), the company behind Truth Social and Truth.Fi, is taking a big step into the crypto world. The company has signed a non-binding agreement with Crypto.com to launch a series of exchange-traded funds (ETFs) focused on digital assets and American-made securities.

Set to launch later this year, the ETFs would be offered through Crypto.com’s broker-dealer Foris Capital US LLC, pending regulatory approval. The ETFs are expected to include a variety of cryptocurrencies such as Bitcoin, Ether, Solana, XRP, and Cronos. Crypto.com will provide the platform, custody, and infrastructure to manage these assets.

Once approved, the ETFs will be available through existing brokerage platforms globally, including the Crypto.com app, which has more than 140 million users. Trump Media also plans to invest in Truth.Fi Separately Managed Accounts (SMAs) using its own cash reserves.

This potential move marks yet another connection between Donald Trump and the crypto space. In recent months, he’s been linked to World Liberty Financial, a crypto firm, and the launch of the TRUMP memecoin—just days before he reentered office. These developments have raised red flags among Democratic lawmakers.

Representative Gerald Connolly has labeled the TRUMP token a “money grab,” pointing to the $100 million in trading fees linked to Trump-affiliated entities. Meanwhile, Rep. Maxine Waters has called it a “rug pull,” claiming it represents the worst of the crypto industry.

As Trump’s crypto ties deepen, critics warn of serious conflicts of interest between his political position and personal financial gains. With ETFs on the horizon, Trump Media’s next move could shake up both Wall Street and Washington.