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Donald Trump’s company, TMT, is making surprising strides in the cryptocurrency sector. While BTC prices may not be significantly affected, these developments signal positive trends. The friendly approach to cryptocurrency regulations might stem from the engagement of the U.S. President with these laws, and recent actions seem to affirm this notion.
Trump Cryptocurrency Products
Trump Media and Technology Group, which operates the social media platform Truth Social and the video streaming service Truth+, announced its application for trademark registration related to customized exchange-traded funds (ETFs) and separately managed accounts (SMAs) that will launch this year.
Among the offerings in the energy sector, the TruthFi Bitcoin 
$84,301 Plus ETF and TruthFi Bitcoin Plus SMA products are noteworthy. Previously, the idea to develop an investment product with a portion of $250 million from a $750 million asset was announced. TMTG’s CEO, Devin Nunes, stated:
“We aim to provide investors with a tool to invest in American energy, manufacturing, and other firms. We are exploring various ways to differentiate our products, including strategies related to Bitcoin. We will continue to develop our product package to create the optimal mix for investors who believe in American principles.”
