Crypto.com, an Exchange of cryptocurrency, signed an agreement not binding with Trump Media & Technology Group (TMTG) to boost the launch of a series of funds quoted in the stock exchange (ETF) and other financial products (ETP) based on digital and non -digital assets in the United States.
Trump Media is a company founded by US President Donald Trump in 2021 that is dedicated to digital platforms that seek to offer alternatives to social networks. His best known product is Truth Social, a platform that was born in response to the policies of moderation of content in other networks.
The agreement announced yesterday, March 24, establishes that Crypto.com will provide the servers, databases and software necessary for the services to function correctly. In addition, he will be in charge of complete custody of ETF assets Through the company Crypto.com Custody Trust Company that, as reported, has all the corresponding certifications.
Financial products can be acquired through the brocker of Crypto.com, Foris Capital US LLC.
Kris Marszalek, co -founder and executive director of Crypto.com, held the agreement and explained that there will be a series of funds quoted in the TMTG brand stock that include digital and non -digital assets, including a cryptocurrency ETF basket, the first of its kind, which, which incorporates Cronos (Cro) and other digital assetswhose names are still unknown.
However, what was confirmed is that these digital assets and actions will have the seal «Made in USA”(Made in the United States).
The appearance of Cro in this basket of ETF is not a coincidence, but responds to the fact that the Cronos network is administered by the Exchange. In this way, it reinforces its presence in the ecosystem of digital assets.
After the announcement, The price of CRO records a daily rise of 28%.
The launch of this ETF and ETP basket adds to the list of projects that link Trump with cryptocurrencies.
An example of this is World Liberty Financial (WLFI), the Decentralized Finance Platform (DEFI) promoted by Donald Jr., Barron and Eric Trump. Nor should we ignore that, in the days prior to his presidential assumption, the president launched his memecoin Trump and the same did his wife, Melania (Melania), Cryptonoticias reported.
It is an issue that does not go unnoticed and arouses suspicions. Any decision that Trump makes from the White House could favor TMTG or WLFI.
A regulatory gesture or an advertisement on the reserve could promote the value of the assets in which WLFI has participation, directly benefiting the Trump family.
Scott Melker, a market analyst, warned that «Trump now controls this market» and manifested in an ironic tone: «The most rational strategy for the future is simply buying everything that bought the Trump family.»
On the other hand, Gerald Connolly, the Democrat with the highest rank of the Lower House Supervision Committee, asked to investigate Trump and He accuses him of acts of corruption for his business with cryptocurrencies.
The cryptootic journalist, Nickolás Plaza, points out that «Trump not only participates; it seems to mark the rhythm,» and adds: «If something is clear after these months, it is that the ‘Trump effect’ is not a passing coincidence. It is a force that, with each statement, remember who is in the center of the stage.»