Trump Media & Technology Group Corp. has announced plans to collaborate with Crypto to launch a range of “Made-in-America” investment products, marking a significant partnership between the former president’s social media company and the Singapore-based cryptocurrency platform. The partnership will focus on the development of exchange-traded funds (ETFs) linked to digital assets and other US-centric investments, according to a statement released Monday.
The ETFs will be offered on Crypto’s platform, targeting markets in the United States, Europe, and Asia, with availability expected later this year, contingent on regulatory approvals. Crypto will provide the necessary cryptocurrencies and the technology infrastructure for the digital products, which will be distributed via Foris Capital, a New Hampshire-based platform acquired by Crypto last year.
This move comes amid the Trump administration’s push to ease restrictions on the digital asset sector. Notably, within the first 100 days of his presidency, Trump’s administration saw the Securities and Exchange Commission (SEC) pause or abandon several high-profile legal actions against major cryptocurrency firms such as Coinbase Global Inc. and Binance Holdings Ltd.
In addition to the ETFs, Trump Media revealed that its digital asset offerings would include Cronos, a cryptocurrency associated with Crypto. This inclusion of Cronos was not initially mentioned in earlier statements regarding the financial products, which are set to be branded as Truth.Fi.
The partnership follows a turbulent legal history between Crypto and US regulators. Last October, the SEC filed a notice to sue Crypt over allegations that it had been operating an unregistered securities exchange. In response, Crypto filed its own lawsuit against the SEC, accusing the regulator of overreach. However, the dispute was settled in December after Trump’s election victory, with Crypto withdrawing its lawsuit.
A Crypto spokesperson expressed optimism about working with the new administration, stating, “We look forward to working with the new administration to develop and advance clear regulations for the crypto industry.”
Crypto’s CEO, Kris Marszalek, also reportedly met with Trump at Mar-a-Lago to discuss political appointments related to the cryptocurrency sector.
Trump is the largest shareholder in Trump Media, holding a $2.4 billion stake through a trust managed by his son, Donald Trump Jr.
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