Trump Media has signed a non -binding agreement with Crypto.com to launch a series of boxes circulating on the stock market in the United States.
TRUMP Technology Group Corp (TMTG) – TRUTH Social and Fintech Truth.fi – also part of the agreement, which is subject to organizational approval, According to To March 24 statement from Trump the media.
The parties are planning to launch the traded investment funds later this year through the broker Crypto.com, Foris Capital Us LLC. The investment funds circulating will consist of digital assets and securities with a “made in America” focus.
Crypto.com will provide infrastructure and nursery services to supply encrypted currencies for ETFS, which may include a basket of distinctive symbols, including Bitcoin (BTC), Eter (ETH), Solana (Sol), XRP (XRP) and CRONOS (CRO).
The parties concerned expect that circulating investment funds will be widely available at the international level, including in the United States, Europe and Asia via current brokerage platforms.
“Once launched, ETFS will be available on the Crypto.com app for more than 140 million users worldwide,” said the founder of participation in Crypto.com and CEO Chris Marzalek.
ETFS is expected to be launched alongside a list of the truth. Separately managed accounts (SMA), which TMTG also plans to invest in its cash reserves.
source: Chris Marzalek
Related to: Who runs in the Trump race to make us “Bitcoin great power?”
The potential launch of ETF will lead to another endeavor to encryption that includes US President Donald Trump.
However, Democratic lawmakers say that conflict of interest has already arose between Trump's presidential duties and Trump's ownership of the encryption platform, the world, Liberty Financial, as well as the official Mimoin Trump (Trump), which was launched three days before its opening.
Representative of Parliament Gerald Conoli recently referred to the Trump symbol as a “money seizure” that allowed Trump associated entities to take advantage of commercial fees worth more than $ 100 million.
Maxine Waters Memecoin also criticized Trump on January 20, indicating that he withdrew a carpet that represents the “worst encryption”.
magazine: Trump's encryption projects raise conflicts in interests, trading questions from the inside
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