Trump Files For Crypto Payment Service Trademark

The New York Times reports:

Donald J. Trump’s social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect’s embrace of the crypto industry.

Trump Media & Technology Group filed an application on Monday for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets.

Any large-scale crypto project would most likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged after The Financial Times reported that Trump Media was in talks to buy it.

Read the full article.

As I told @MattEganCNN here, this is a financial conflict of interest. Our economy needs crypto regulation, not a President and Members of Congress invested in crypto.

Trump’s social media company is exploring a crypto payment service called TruthFihttps://t.co/t7k4zrSbwY

— Richard W. Painter (@RWPUSA) November 22, 2024