Monday reporting from the Financial Times that U.S. President Donald Trump’s family media company “plans to raise $3 billion to buy cryptocurrencies” sparked a fresh wave of alarm over his administration’s policies and potential corruption.
After winning a second term last year, the Republican president transferred his stake in Trump Media & Technology Group (TMTG)—which is behind the Truth Social platform—to a revocable trust overseen by his son Donald Trump Jr.
Citing six unnamed sources, FT reported that TMTG “aims to raise $2 billion in fresh equity and another $1 billion via a convertible bond,” and “also plans to launch an exchange-traded fund focused on cryptocurrency.”
Trials & Tribulations of King Donald
This revolution will be televised.
