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Yo_Mama_Been_Loggin

(127,017 posts)
Wed May 28, 2025, 02:03 PM May 28

Trump's media company touts another fun way to bribe the president

Good news for anyone who hasn’t yet had the opportunity to shower money on President Donald Trump’s private companies: Trump Media & Technology Group is going to raise $2.5 billion to invest in bitcoin, giving big-money investors another chance to buy influence.

Announcing the investment, TMTG, the parent company of Truth Social, filed a report with the U.S. Securities and Exchange Commission, stating that it already has subscription agreements from about 50 institutional investors.

But don’t expect the SEC, which Trump says is only subject to his authority and is not an independent regulator, to step in anytime soon.

Why is TMTG, which is ostensibly a media company, spending $2.5 billion on crypto? According to Devin Nunes, chair of the President’s Intelligence Advisory Board, it’s because bitcoin is “an apex instrument of financial freedom” and will protect TMTG from “harassment and discrimination by financial institutions.”

https://www.dailykos.com/stories/2025/5/27/2324559/-Trump-s-media-company-touts-another-fun-way-to-bribe-the-president

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