Chair

Bitcoin

Trump Media

Donald Trump’s social media company, Trump Media and Technology Group (TMTG) has filed a trademark application for “TruthFi,” hinting at plans to enter the cryptocurrency space.&nbsp; 
The Nov. 18 <a href="https://tsdr.uspto.gov/#caseNumber=98859006&amp;caseType=SERIAL_NO&amp;searchType=statusSearch" target="_blank" rel="noreferrer noopener nofollow">filing</a> with the U.S. Patent and Trademark Office (USPTO) includes intentions to offer digital wallets, crypto payment processing, and digital asset trading services. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="465" height="589" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/Trump-Media-Files-Trademark-for-TruthFi-to-Enter-Crypto.jpg" alt="Trump Media Files Trademark for TruthFi to Enter Crypto" class="wp-image-216857">
 <figcaption class="wp-element-caption">
 Source:&nbsp;<a href="https://x.com/JoshGerben/status/1859689670986408392" target="_blank" rel="noreferrer noopener nofollow">X</a>
 </figcaption>
 </figure>
</div> 
The filing also mentions providing financial data, market analysis, and custody services for managing financial assets. This suggests that TMTG may be working on a platform that could facilitate cryptocurrency transactions and investment services. 
Trademark expert Josh Gerben shared his analysis, noting that the filing signals Trump Media’s interest in building a crypto platform. However, it’s unclear how far along the company is with its plans. So far, TMTG has focused on its social media app, Truth Social. 
TMTG’s ambitions in crypto could be further supported by a potential deal with Bakkt, a crypto exchange, for an <a href="https://www.cryptotimes.io/2024/11/19/bakkt-shares-soar-162-amid-trump-media-acquisition-talks/" target="_blank" rel="noreferrer noopener">all-share acquisition</a> on Nov. 18. If finalized, this would mark another move by Trump-backed companies into the cryptocurrency sector. 
Trump’s political stance has also been favorable toward cryptocurrency. He has promised to ease regulations on digital assets and has made moves to accumulate Bitcoin as part of his strategic financial plan. 
The filing could take up to 18 months for approval, but it shows Trump Media’s serious interest in crypto, and the crypto market is already seeing significant growth. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/20/trump-consider-pro-crypto-teresa-goody-guillen-for-sec-chair/" target="_blank" rel="noreferrer noopener">Trump Consider Pro-Crypto Teresa Goody Guillén for SEC Chair</a> 
</blockquote>

Trump Media Files Trademark for Crypto Platform “TruthFi”

The Crypto Times

Other articles published on Nov 22, 2024

Bitcoin Price Surges, Triggers Interest in Altcoin Predictions

Deribit to Integrate Ethena’s USDe as Margin Collateral

MicroStrategy gains $2.97b to buy more BTC after convertible note offering

KyberZap Is Now Live on BaseSwap: Simplifying Liquidity on Base

SlideGo: Create Stunning Presentations with Ease

Justin Sun Drops $6.2M on Controversial Banana Art, Calls It a "Cultural Phenomenon"

Join our free newsletter for daily crypto updates!