Trump Media signed a non -conclusion contract with Crypto.com to start a series of exchange trading funds in the United States.
According to the March 24 statement of Trump Media, Trump Technology Group Corp (TMTG), the operator of social media platform True Social and Fintech Brand.fi, is part of the contract and part of a regulatory contract.
The parties are planning to launch ETFs through the foris Capital US LLC, a broker dealer on Crypto.com later this year. The ETF consists of digital assets and securities with a focus of “Made in American”.
Crypto.com provides infrastructure and parenting services to provide Cryptocurrencies of ETFs that may include token baskets, including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP) and CONOS (CRO).
The parties related to the existing brokerage platforms expect the ETF to be widely used internationally, including the US, Europe and Asia.
Kris Marszalek, co -founder and CEO of Crypto.com, said, “This ETF will be available in the Crypto.com app for more than 140 million users worldwide.
The ETF is expected to be released with TRUTH.FI, which TMTG plans to invest in cash reserves.
source: Chris Mar Szalk
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However, Democrats said that conflicts have already occurred between Trump’s president’s mission and the ownership of World Liberty Financial.
The House of Representatives Gerald Connolly recently referred to the Trump token as “acquisition of money,” which allowed the Trump connection agency to withdraw more than $ 100 million in cash.
Democratic Party Maxine Waters criticized Trump’s memes on January 20 and mentioned it as a rug that represents the “worst encryption”.
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