Trump Media Enters Agreement With Crypto.com To Investigate US Crypto ETFs

Trump Media & Technology Group (TMTG) has entered into a non-binding arrangement with the crypto asset network Crypto.com to investigate the possibility of launching exchange-traded funds (ETFs) centered on digital assets in the United States.

As per a press release from Trump Media dated March 24, this understanding encompasses TMTG’s affiliates, including Truth Social and its financial services division, Truth.Fi.

The planned ETFs are set to be created via Crypto.com’s brokerage subsidiary, Foris Capital US LLC, subject to regulatory clearance.

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Future ETFs to Highlight ‘Made in America’ Digital Assets

The ETFs are anticipated to embody a “Made in America” theme and are likely to offer a varied assortment of digital assets and securities.

Among the cryptocurrencies being considered are Bitcoin (Bitcoin), Ethereum (Ethereum), Solana (SOL), XRP, and Cronos (CRO). Crypto.com will manage the essential infrastructure and custody services for the ETFs.

“These ETFs will be accessible on the Crypto.com App for our over 140 million users worldwide,” stated Crypto.com co-founder and CEO Kris Marszalek.

The companies also foresee extensive international distribution, allowing the ETFs to be available throughout the US, Europe, and Asia via existing brokerage services.

Another major step in our 2025 Roadmap – thrilled to be the exclusive partner of @realDonaldTrump’s Truth Social in launching three #ETFs, including a first-of-its-kind ETF basket featuring $CRO https://t.co/xOlmU0S2CT

— Kris | Crypto.com (@kris) March 24, 2025

Additionally, Trump Media is planning to launch a series of Truth.Fi Separately Managed Accounts (SMAs), with TMTG allocating part of its cash reserves to these investment portfolios.

This initiative is part of a broader effort by Trump-associated entities to venture into the digital asset realm.

Trump has already been linked with World Liberty Financial, a cryptocurrency protocol owned by the Trump Organization, along with the contentious “Official Trump” (TRUMP) meme crypto token, which was launched shortly ahead of his 2024 inauguration.

These ventures have faced criticism from Democratic lawmakers. House Democrats, spearheaded by Rep. Sam Liccardo, have proposed the MEME Act. This Act forbids federal officials and their families from profiting from meme coins.

In a blog entry, Rep. Liccardo specifically referenced the $TRUMP coin, accusing the President’s family of exploiting the public through meme coins, and warned about potential insider trading and foreign influences via the token.

President Trump’s $TRUMP Solana memecoin was the subject of discussion in Congress by Congressman Sam Liccardo, labeling it a rugpull: “Trump’s partners and certain investors in China inflated the price.” pic.twitter.com/LuRUgEkqsf

— ALLINCRYPTO (@RealAllinCrypto) February 28, 2025

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Trump Media Leaders Direct $179M SPAC Aiming for US Crypto Acquisition

Recently, it was disclosed that leaders from Trump Media & Technology Group are leading a $179 million SPAC, Renatus Tactical Acquisition Corp I, with intentions to acquire a crypto or distributed ledger firm based in the U.S.

This effort was outlined in a regulatory filing dated March 14. The SPAC, based in the Cayman Islands, plans to gather capital through a combination of public and private offerings.

The leadership behind Renatus Tactical comprises significant individuals from Trump Media.

CEO Eric Swider, a Trump Media board member, previously managed Digital World Acquisition Corp., the SPAC that transitioned Trump Media to public status. COO Alexander Cano also has connections to Digital World, while Trump Media CEO Devin Nunes functions as chair of Renatus Tactical.

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The article Trump Media Signs Agreement With Crypto.com To Explore US Crypto ETFs originally appeared on 99Bitcoins.