Trump Media Files Trademark for Crypto Platform TruthFi
Trump Media Technology Group is exploring development Crypto payments As a recent trademark filing reveals.
An application filed Monday by Donald Trump’s social media company outlines plans for a service called TruthFi. The proposed platform aims to provide crypto payments, financial custody and digital asset trading.
Follow the trademark announcementTrump Media shares rose about 2%. As of this writing, the stock trades at $30.44, up nearly 75% this year.
However, details about TruthFi are still scarce, including its timeline or operational details. The move signals Trump Media’s efforts to expand its business model beyond truth-based social media.
The social media platform was founded in 2022 when Trump was banned from Facebook and X (formerly Twitter).
Nonetheless, large-scale launch Cryptocurrency Platform Trump Media may be asked to obtain additional resources or partner with established companies. This is because the company currently has fewer than 40 employees.
“Monday’s filing with the U.S. Patent and Trademark Office shows that Trump Media plans to offer: digital wallets, cryptocurrency payment processing services and a digital asset trading platform,” U.S. trademark attorney Josh Gerben wrote on X (formerly Twitter).
As BeInCrypto reported earlier, Trump media outlets are also discussing Buy B2B Cryptocurrency Trading Platform Bakkt. Bakkt shares have soared nearly 140% since the news broke earlier this week.
at the same time, The President-Elect’s Cryptocurrency Plan It seemed to be in full swing even before he took office in January. He is also reportedly considering the first ever White House Cryptocurrency Advisor Roleand interview several potential candidates.
Earlier today, current SEC Chairman Gary Gensler announces resignation before Trump’s term began. Gensler’s resignation boosts cryptocurrency markets as it signals major changes at SEC Regulatory stance.
especially, Ripple It soared 7% to its highest level in three years. Bitcoin Also close to $99,000, the total cryptocurrency market cap reaches $3.4 trillion.
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