In a move that can only be described as “utterly bewildering,” the Trump Media & Technology Group has decided to dip its toes into the murky waters of crypto and telecom. Yes, you heard that right! The masterminds behind Truth Social and Truth+ have sent a delightful little note to the US Securities and Exchange Commission, asking to register a Bitcoin and Ethereum ETF. Because, why not? It’s not like they have anything else to do, right? 🤔
Truth Social Bitcoin And Ethereum ETF
According to a registration statement dated June 16 (which, coincidentally, is also the day the universe decided to throw logic out the window), the proposed ETF plans to hold a whopping 75% of its assets in Bitcoin and the remaining 25% in Ethereum. If the SEC gives a thumbs up, this fund will strut its stuff on NYSE Arca, proudly sponsored by Yorkville America Digital. 🎉
And here’s the kicker: they plan to store these digital coins in direct custody. That’s right! No futures contracts or derivatives here, folks. Just pure, unadulterated digital tokens. What could possibly go wrong? 😅
Crypto.com Handles Custody And Staking
Reports suggest that Crypto.com will be the ETF’s sole custodian and prime execution agent. They’ll also provide staking and liquidity services for the Ethereum portion. This arrangement might just soothe the SEC’s worries, as they seem to be quite fond of secure storage and oversight. Who knew? 🤷♂️
But hold your horses! There’s no guarantee that this ETF will actually get the green light. Previous spot crypto ETF proposals have faced more delays and rejections than a bad reality TV show. Market manipulation and investor protection are just a couple of the pesky concerns that keep popping up. 🙄
Trump Mobile Smartphone and Service Plan
In a dazzling display of innovation, the Trump Organization has unveiled “Trump Mobile,” a new phone and network service that promises to revolutionize the way we ignore our calls. The device will retail for a mere $499 starting in September, with a monthly plan priced at $47.45—a cheeky nod to Trump’s illustrious role as the 47th US President. Because, of course, that’s what we all need! 📞💰
BREAKING: The Trump Organization has announced Trump Mobile, which will offer 5G service starting at $47.45 through the three major carriers. They’ll also be releasing a phone in August called the “T1 Phone.”
The phone is described as “a sleek, gold smartphone engineered for performance and… well, we’ll see about that.”
— RedWave Press (@RedWave_Press) June 16, 2025
The phone is proudly made in the US, and customer support will be handled by call centers right here at home. Coverage will run on existing networks, because building their own towers would just be too easy. 🙃
According to the company, Trump Mobile will bundle telemedicine visits, international texting to 100 countries, and roadside assistance. Donald Trump Jr. has highlighted these extras as part of a flat-fee package designed to stand out from the major carriers. Because who wouldn’t want a health line and car help all in one monthly bill? Sounds like a dream! 😄
The trademark applications filed by DTTM Operations cover telecom services and accessories under the Trump brand. Because if you’re going to do something, you might as well slap your name on it, right? 🤷♀️
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2025-06-17 20:13