This clarification shows a picture of President -elect Donald Trump next to the phone screen that displays the real social application, in Washington, DC, on February 21, 2022.
Stephanie Reynolds AFP | Gety pictures
Trump Media and Technology Group On Wednesday, it announced that it is expanding in financial services, including investment vehicles.
The shares of Truth Social Pateer Company, which trades under DJT TOCKER, jumped with more than 15 % in pre -market trade.
The Financial Services Department will be known as Truth.fi, and it will start with an amount of $ 250 million from the company that will be warned with Charles Schwab, according to the press statement. These funds will be allocated to customized exchange boxes and encrypted currencies, among other investment vehicles.
The company said it expects to launch products and services, including its investment vehicles, later this year.
“The truth. Fi is a natural expansion of the real social movement. We have started creating a free social media platform, and we added a high -speed television broadcast, and now we move to investment products and decentralized financing,” he said. TMTG CEO and Devin Nunes Chairman in the press statement. “The development of the first American investment vehicles is another step towards our goal of creating a strong environmental system through which American patriots can be protected from the current threat of cancellation, control, violations and privacy committed by Big Tech and Woke.”
This advertisement comes after Republican complaints that banks have dealt with some of the conservatives unfairly. During the distant appearance last week at the World Economic Forum in Davos, Switzerland, Trump complained to CEO of Bank of America Brian Moinhan that the company was closing and clearing the conservatives.
“I hope you will start opening your bank to the conservatives because many conservatives complain that banks do not allow them to do business within the bank, and this includes a place called Bank of America,” Trump said.
President Jimmy Damon, CEO of JPMorgan Chase, also took over the largest American bank.
“You, Jimmy and everyone, I hope that you will open your banks to the conservatives because what you do is wrong,” Trump said.
These observations continued a comprehensive conflict between the Republicans and the largest banks in the country, as a flash point submitted last year when a group of public lawyers filed a complaint claiming that the institutions were distinguished against customers based on religious and political affiliations. Bank officials denied that any violations were committed.
Complaints related to banking disposal are also common among the encryption community, which was in line with Trump during his presidential campaign.
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