truthsocial

The digital arm of the New York Stock Exchange, NYSE Arca, has filed a request with the U.S. Securities and Exchange Commission (SEC) for approval of a new cryptocurrency ETF called the Truth Social Bitcoin and Ethereum ETF. The ambitious project is backed by Trump Media & Technology Group (TMTG) – a company majority-owned by Donald Trump.
📈 The ETF aims to allocate 75% of its assets to Bitcoin and 25% to Ethereum, offering investors regulated access to leading cryptocurrencies through an exchange-listed financial product.

Crypto.com as Key Partner
To manage and operate the fund, TMTG has partnered with Crypto.com, a major crypto exchange that will handle custody of the digital assets, transaction execution, and liquidity of the ETF.
In the SEC filing, NYSE Arca emphasized that the proposed rule change is designed to prevent fraudulent and manipulative practices and ensure transparent trading according to the exchange’s strict listing standards.

Politics Shaping the Crypto Landscape
The ETF filing follows a previous submission for a pure Bitcoin-focused Truth Social Bitcoin ETF, signaling TMTG’s ambition to become a serious player in crypto finance. The company is expanding beyond media and aiming for a place in the financial world.
Meanwhile, the SEC’s stance on cryptocurrencies appears to be shifting under the Trump administration. Once cautious, the agency is now showing more openness toward digital assets. Several newly appointed officials are seen as crypto-friendly and supportive of market innovation.
Trump himself has undergone a significant shift in views – from a crypto critic during his first term to a vocal supporter. In recent campaign speeches and public appearances, he referred to digital assets as tools of "financial freedom" and pledged to integrate blockchain technologies into public policy.

TMTG Plans Broader Expansion into Crypto
TMTG, in collaboration with Yorkville America, has announced plans for a broader suite of blockchain-based products under the "America First" initiative. These may include:
🔹 America First Bitcoin Fund

🔹 America First Blockchain Leaders Fund

🔹 America First Stablecoin Income Fund
However, so far only two filings have been formally submitted to the SEC – Truth Social Bitcoin ETF and Truth Social Bitcoin and Ethereum ETF. The remaining products are still conceptual, with no regulatory applications yet.
If approved, the ETF would represent a major milestone not only for TMTG but for broader crypto adoption in traditional finance. Coupled with political backing, the Truth Social ETF could mark the beginning of a new era for crypto investments – this time under the banner of one of America’s most influential political figures.

#TruthSocial , #TRUMP , #BitcoinETF , #ETHETF , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Donald Trump is once again turning up the heat on Federal Reserve Chair Jerome Powell, this time using the latest weak U.S. job data as ammunition. In a fiery post on Truth Social, Trump called Powell “incredible” and accused him of inaction that could give China and Europe a competitive edge over the U.S.

🔹 Weak Job Numbers Fuel Trump’s Demand
On Wednesday, Trump posted:
“ADP NUMBER DROPPED!!! ‘Too Late’ Powell must CUT THE RATE now. He’s incredible!!! Europe has cut NINE TIMES!”
His remarks came shortly after ADP released disappointing employment data showing that U.S. private employers created just 37,000 jobs in May—well below the 110,000 expected by Dow Jones analysts. This was the lowest monthly gain since March 2023, and it arrived just two days before the more influential government jobs report is set to be released.

🔹 Tense Meeting at the White House
According to Trump spokesperson Karoline Leavitt, the former president recently met with Powell at the White House and told him that not cutting interest rates was a mistake. Trump warned that Powell’s inaction could let countries like China gain an advantage. Powell reportedly defended the Fed’s stance, insisting that monetary policy must follow data, not political pressure.
In a statement, the Federal Reserve confirmed:
“Monetary policy must be guided by economic data, not politics.”

🔹 While Europe Cuts Rates, Powell Stalls
Trump has pointed to Europe as an example of decisive action. The European Central Bank is widely expected to cut interest rates again this Thursday—marking its eighth rate cut since June 2024. As inflation cools and Eurozone growth slows, the ECB is taking action, while Powell’s Fed remains on hold.
Trump sees this as a growing threat. With global uncertainty rising due to tariffs and geopolitical tensions, he believes the Fed’s paralysis is undermining U.S. economic competitiveness.

🔹 “Too Late” Powell and the Threat of Removal
Trump has long mocked Powell with the nickname “Too Late”, and frequently questions his ability to respond swiftly. He has previously suggested he might try to remove Powell before his term ends in May 2026, despite Powell’s insistence that the law doesn’t give the president that authority. Although Trump stated in April that he had “no intention” of removing Powell, his ongoing attacks suggest deep frustration.

📌 One-Minute Recap:
🔹 Trump calls Powell “incredible” and demands immediate rate cuts

🔹 Only 37,000 new jobs in May – far below expectations

🔹 Tense White House meeting: Powell resists political pressure

🔹 ECB expected to cut rates for the eighth time

🔹 Trump warns of U.S. falling behind Europe and China

#TRUMP , #JeromePowell , #Fed , #TruthSocial , #FederalReserve

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“