Trump Media, owned by Donald Trump, has announced its entry into fintech with a new brand, Truth.Fi, and intends to invest in bitcoin and cryptocurrencies. This led to an 8 percent rise in the company's stock. Trump Media plans to create investment products targeting the U.S. economy and collaborate with Charles Schwab to develop funds. However, the company's actions raise concerns due to potential conflicts of interest, considering Trump's influence on the regulation of the financial and cryptocurrency sectors.
1/30/2025 4:28:10 PM (GMT+1)
Trump Media announced the launch of the fintech brand Truth.Fi, investments in bitcoin and cryptocurrencies, and plans to diversify assets through ETFs, which led to an 8 percent rise in stock 📈
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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