Trump Media Enters into 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 trading protocol Crypto.com to investigate the potential launch of exchange-traded funds (ETFs) aimed at digital assets in the United States.

In a statement issued by Trump Media on March 24, the agreement encompasses TMTG’s subsidiaries, including Truth Social and its financial services division, Truth.Fi.

The proposed ETFs will be introduced through Crypto.com’s broker-dealer division, Foris Capital US LLC, subject to regulatory approval.

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Future ETFs On ‘Made in America’ Digital Assets

The ETFs are projected to emphasize a “Made in America” concept and might consist of a varied assortment of digital assets and securities.

Among the cryptocurrencies reportedly being considered are Bitcoin (Bitcoin), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). Crypto.com would manage the infrastructure and custody services necessary to facilitate the ETFs.

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

The companies also foresee extensive international distribution, making the ETFs available across the US, Europe, and Asia via existing brokerage platforms.

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

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

Furthermore, Trump Media intends to launch a series of Truth.Fi Separately Managed Accounts (SMAs), with TMTG pledging a portion of its cash reserves to these investment portfolios.

This initiative is part of a wider effort by entities associated with Trump to broaden their reach into the digital asset sector.

Trump has already been linked to World Liberty Financial, a cryptocurrency protocol owned by the Trump Organization, and the controversial “Official Trump” (TRUMP) meme token, which debuted shortly before his 2024 inauguration.

These endeavors have attracted criticism from Democratic lawmakers. House Democrats, led by Rep. Sam Liccardo, have proposed the MEME Act. The Act prohibits federal officials and their families from profiting from meme coins.

In a blog post, Rep. Liccardo directly mentioned the $TRUMP crypto token, accusing the President’s family of taking advantage of the public through meme coins, warning against insider trading and potential foreign influence associated with the token.

President Trump’s $TRUMP Solana memecoin was discussed federally by Congressman Sam Liccardo, labeling it a rugpull: “Trump’s partners and some investors based in China inflated the price.” pic.twitter.com/LuRUgEkqsf

— ALLINCRYPTO (@RealAllinCrypto) February 28, 2025

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Trump Media Executives Initiate $179M SPAC Aimed at 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, aimed at acquiring a U.S.-based digital currency or distributed record firm.

The initiative was outlined in a March 14 regulatory disclosure. The Cayman Islands-registered SPAC intends to raise capital through a combination of public and private offerings.

The leadership group behind Renatus Tactical encompasses key figures from Trump Media.

CEO Eric Swider, a director at Trump Media, previously led Digital World Acquisition Corp., the SPAC that brought Trump Media public. Alexander Cano, the COO, also has connections to Digital World, while Trump Media CEO Devin Nunes acts as chair of Renatus Tactical.

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