Trump Media Dives into Crypto, Launches Truth.Fi with Schwab

Trump Media Wades Into Crypto, Best Crypto Exchanges

Trump Media and Technology Group (TMTG), where former US President Donald Trump holds a controlling stake, has announced plans to launch a new financial services brand called Truth.Fi. The platform aims to focus on investments in American growth, manufacturing, and energy companies, as well as investments that strengthen the "Patriot Economy."

In partnership with brokerage Charles Schwab, which will serve as asset custodian and strategic advisor, Truth.Fi plans to invest $250 million (around one-third of TMTG’s cash reserves) across various instruments, including exchange-traded funds (ETFs), separately managed accounts (SMAs), and Bitcoin.

Following the announcement, Trump Media shares surged by 8%. In January, Trump appointed Samantha Schwab, granddaughter of Charles Schwab, as Deputy Chief of Staff at the US Treasury Department.

Meanwhile, Forbes has spent months analyzing data from over 200 cryptocurrency exchanges, sourced from CoinGecko, CoinMarketCap, and CryptoCompare, to create its 2025 ranking of the world’s most trustworthy crypto platforms. The list was narrowed to exchanges that manage significant assets and assessed on criteria such as trading volume, product offerings, and regulatory compliance.

Whether you’re an experienced investor or just crypto-curious, this guide offers a well-researched look at where your money might be safest.

In other news, Michael Saylor’s MicroStrategy has transformed itself from a modest software outfit into a case study in financial engineering by fully embracing Bitcoin’s volatility. The company’s bold "bitcoin treasury" strategy has skyrocketed its valuation 60-fold over four years.

The secret sauce? Convertible bonds. By issuing over $7 billion of them at minimal or zero interest rates plus equity, MicroStrategy has effectively tethered its fate to Bitcoin’s wild price fluctuations. Critics might call it a precarious house of cards, but Saylor seems to relish the chaos.

Elsewhere, Republicans are pushing to kill a tax-reporting rule for some crypto trades, the US SEC has approved Bitwise’s combined Bitcoin and Ethereum ETF, and Sam Bankman-Fried’s parents are exploring seeking a Trump pardon for their son.

Bitcoin (BTC) has recovered to $9