27-5-2025 – Trump Media & Technology Group (TMTG) has allegedly outlined ambitious plans to allocate $3 billion towards cryptocurrency investments, primarily through share sale proceeds, according to a contentious Financial Times report.
The media company’s response was characteristically robust, dismissing the FT’s reporting with pointed criticism of both the publication’s journalists and their sources. The story, which drew from six unnamed informants, sparked immediate controversy in financial circles.
This purported strategic move follows TMTG’s increasing engagement with cryptocurrency ventures. The company recently disclosed to shareholders its intention to explore utility token development, whilst cementing a partnership with Crypto.com to introduce a series of “Made in America” exchange-traded funds encompassing both digital assets and traditional stocks.
Earlier this year, TMTG launched Truth.Fi, a fintech venture authorised to deploy up to $250 million from its substantial cash reserves exceeding $700 million. The investment mandate spans traditional vehicles, separately managed accounts, ETFs, bitcoin, and allied cryptocurrency securities.
The cryptocurrency landscape surrounding Trump’s business empire expanded further when World Liberty Financial, an organisation with familial connections to the president, introduced the USD1 stablecoin. This digital currency facilitated a substantial $2 billion investment arrangement between Abu Dhabi’s MGX and Binance.
Democratic lawmakers have increasingly scrutinised Trump’s growing influence in the cryptocurrency sector, dubbing him the “King of Crypto.” This association has emerged as a significant obstacle in advancing crucial stablecoin legislation.