#TrumpBitcoinEmpire

In June last month, Trump Media Group submitted a request, the S-1 form, to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded Bitcoin fund.

The plan for the "Truth Social Bitcoin" exchange-traded fund aimed to hold Bitcoin at its spot price and list it on the New York Stock Exchange according to the Financial Times.

The company's decision comes in the wake of its recent attempts to strengthen its presence in the cryptocurrency market.

In this context, Devin Nunes, the CEO and Chairman of the company, said: "We are precisely executing our announced strategy and moving forward with our Bitcoin treasury plan.. these assets ensure our financial freedom, protect us from potential discrimination by financial institutions, and will also contribute to creating integration with the digital token we plan to launch within the Truth Social ecosystem."