Trump Media has signed a non -binding agreement with Crypto.com to launch a series of funds quoted in exchange in the United States.
Trump Technology Group Corp (TMTG), the social media platform operator Truth Social and Fintech Brand Truth.fi, is also part of the agreement, which is subject to regulatory approval, according to a March 24 statement by Trump Media.
The parties plan to launch the ETFs at the end of this year through the Crypto.com corridor corridor, Foris Capital US LLC. The ETFS will consist of digital assets and values ​​with a “made in the United States” approach.
Crypto.com will provide infrastructure and custody services to supply cryptocurrencies for ETFs, which may include a tokens basket, including Bitcoin (BTC), Ethher (Eth), Solana (Sun), XRP (XRP) and Cronos (Cro).
The parties involved expect ETFs to be widely available internationally, even in the United States, Europe and Asia on existing brokerage platforms.
“Once launched, these ETFs will be available at the Crypto.com application for our more than 140 million users worldwide,” said co -founder and CEO of Crypto.com, Kris Marszalek.
It is anticipated that the ETFs will be launched along with a truth list. Fi accounts administered separately (SMA), in which TMTG also plans to invest with its cash reserves.
Fountain: Kris Marszalek
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The potential ETF launch would mark another cryptographic effort that involves US President Donald Trump.
However, Democratic legislators say that conflicts of interest have already emerged between Trump’s presidential duties and the property of the Trump organization of the cryptographic platform, World Liberty Financial, in addition to Trump’s official memecoin (Trump) that was launched three days before it opened.
The representative of the House of Representatives, Gerald Connolly, recently referred to the Trump card as a “money capture” that has allowed Trump entities to obtain commercial rates worth more than $ 100 million.
The Democrat Maxine Waters also criticized Trump’s memory on January 20, referring to her as a carpet strip that represented the “worst cryptography.”
Magazine: Trump cryptocurrencies increase the conflict of interest, privileged information questions
