Crypto.com, a cryptocurrency exchange, has signed a non-binding agreement with Trump Media & Technology Group (TMTG) to bolster the launch of a series of funds cited on stock exchanges (ETFs) and other financial instruments (ETPs) based on US digital and non-digital assets.
Trump Media is a company founded in 2021 by US President Donald Trump and is dedicated to digital platforms that seek to provide alternatives to social networks. His most well-known product is Truth Social, a platform born in response to content moderation policies on other networks.
The agreement announced yesterday, March 24th, establishes that Crypto.com will provide the servers, databases and software necessary for the service to function properly. Furthermore, he will be in charge Complete management of ETF assets There are all corresponding certifications, as reported through the Crypto.com Custody Trust Company.
Financial products can be acquired through Brocker and Foris Capital US LLC on Crypto.com.
Kris Marszalek, co-founder and executive director of Crypto.com, explained that he has signed the agreement and has a set of funds cited in TMTG branded stocks, including digital and non-digital assets, including Cryptocurrency ETF baskets. Includes Cronos (CRO) and other digital assetsits name is still unknown.
But what was confirmed is that these digital assets and actions have seals.”Made in America” (made in the United States).
The appearance of the CRO in this basket of ETFs is not coincidental, but it corresponds to the fact that the Cronos network is managed by exchange. In this way, it strengthens its presence in the digital asset ecosystem.
After the announcement, CRO prices have recorded a daily rise of 28%.
The launch of this ETF and ETP basket will be added to the list of projects linking Trump with cryptocurrency.
This example is World Liberty Financial (WLFI), a distributed finance platform (DEFI) driven by Donald Jr., Barron and Eric Trump. Also, a few days before the president’s assumption, the president should not ignore the fact that the same thing had launched his memokine Trump and that he had launched his wife Melania (Melania), Cryptonotias reported.
It is a problem that is not noticed or raises doubt. The decision Trump made from the White House could support TMTG or WLFI.
Regulatory gestures or advertising on reserves can promote the value of assets WLFI participates in and benefit directly from the Trump family.
Market analyst Scott Mercer warned that “Trump is in control of this market now,” showing in a cynical tone: “The most rational strategy for the future is simply to buy everything that has acquired the Trump family.”
Meanwhile, Gerald Connolly, a Democrat with the highest rank of the House Supervisory Committee, has been asked to investigate Trump. He blames him for corruption for his business in cryptocurrency.
Nickolás Plaza of Cryptootic Journalist points out that “it looks like Trump will not only be involved, but also marks the rhythm,” saying, “If something is clear after these few months, then the “Trump effect” is not a coincidence that passes. With each statement, remember who is at the center of the stage. ”
(tagstotranslate) Exchange House (exchange)
