Trump Media SURGES AFTER EXPANSION INTO Financial Services Including Crypto and ETFS

Trump Media is expanding into financial services, involved investments vehicles, the firm announced wedding.

Shares of the Truth Social Parent Company, which trade under the ticker djt, jumped 6.5% in morning trading. Presiding Donald Trump Indirectly Owns 114,750,000 Shares of the Company, Held in A Revocable Trust,

The Financial Services Division will be known as truth.fi, and it will be started with up to $ 250 million from the company that will be custodized with brem Charles SchwabAccording to a news release. That money will be allocated to customized exchange-traded funds and cryptocurrencies, amon other investments vehicles.

The company said it expects to launch products and services, include its own investment vehicles, Later this year.

“Truth.fi is a natural expansion of the truth social movement. Entralized Finance, “Trump Media Ceo and Chairman Devin Nunes Said in the release.

“Developing American First Investment Vehicles is another step toward Anking, and Privacy Violations Committed by Big Tech and Woke Corporations, “Added Nunes, a former congressman from California.

The release did not specify what types of investments vehicles truth.fi would offer, but said schwab would “broadly advise” Broadly Advise “The Company’s Investments and Strategy. The products would focus on “American growth, manufacturing, and energy companies as well as investments that strengthen the patriot economy,” According to the release.

Samantha Schwab, a Granddaughter of the Namesake Founder of Charles Schwab, recently because the Deputy Chief of Staff at the Us Department of the Treasury.

The announsement come after complants from republicans that banks have treated some conservatives unfairly. During a remote appearance last week at the world economic forum in davos, switzerland, trump complained to Bank of America Ceo Brian Moynihan that the Firm was locking out and de-banking conservatives,

“I hope you start opening your bank to conservatives, many conservatives complain that the banks are not allowing them to do business with the bank, and that inclined a place caleed bank of amaryica,” Tramps SAID.

The president also took on jamie dimon, ceo of Jpmorgan chaseThe largest us bank by assets.

“You and Jamie and Everybody, I Hope You’re Going to Open Your Banks to Conservatives BeCause What you doing is Wrong,” TRUMP SAID.

The Remarks Continued a Simmering Feud Between Republicans and The Nation’s Larget Banks, with a Flashpoint Comeing Last Year when a Group of State Attorneys General File AKENEREL FILED A. Riminating Against customers based on Religious and Political Affiliations. Officials at the banks have denied wrangdoing.

Complaints about de-banking are also common amn the crypto communication, which was aligned with trump during trump during

Truth.fi comes on the heels of the trump MemecoinWhoch Launched Shortly Before the Inauguration and Resulted in on-Paper Gains of Billions of Dollars for the Trump Organization and its affiliates.

The new financial services firm may end up being a competitor to Elon musk‘S x, which Announced a Deal With Visa On tuesday as part of its push to expand beyond social media. Musk is a close Advisor to President Trump.