The newly revealed Truth.Fi marks another foray into cryptocurrencies by the US president and his associates.
The Trump Media and Technology Group (TMTG), a media conglomerate partially owned by US President Donald Trump, has announced that it is expanding its operations into financial services and cryptocurrencies under the name Truth.Fi.
According to the Jan. 29 announcement, the company will offer separately managed accounts in partnership with the bank Charles Schwab, customized exchange-traded funds, and cryptocurrency services.
TMTG CEO — and White House official — Devin Nunes said the development of Truth.Fi could protect Americans from being debanked and characterized the platform as a free speech alternative to Big Tech options. Nunes also serves as chairman of the President’s Intelligence Advisory Board.