Truth Social To Expand Into “Financial Services”

CNN reports:

Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies. Shares of Trump Media (DJT) climbed 8% on the news. Trump Media said it plans to launch a fintech brand called Truth.Fi and to introduce investment vehicles that will focus on American growth, manufacturing, energy and the “Patriot Economy.”

The moves by Trump Media are likely to raise further conflict of interest concerns. Days before taking office, Trump and First Lady Melania Trump alarmed ethics watchdogs and even some in the crypto industry by launching a pair of meme coins. Ethics experts are now expressing further concern about Trump Media’s push into finance and crypto because Trump is presiding over how the federal government

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