Truth Social, US Securities and Stock Exchange Commission (SEC) Hem Bitcoin (BTC) $106,724.70 Both Ethereum (ETH) 
$2,598.56 He applied a joint stock exchange investment fund (ETF) containing. This application was announced to the public with a new S-1 file presented to SEC by President Trump’s social media platform Truth Social.
Trump and Crypto ETFs
The new application states that most of the assets of the fund will be formed by Bitcoin and Ethereum, and these crypto assets will be kept by the storage company determined in the name of the fund. Yorkville America Digital will be the sponsorship of the fund, while the Foris Dax Trust Company, which is connected to Cryptocom, will manage the crypto storage process. This structure aims to facilitate the access of both corporate and individual investors to crypto assets.
The aim of the fund is to create an alternative to investors in the field of crypto ETF, which has turned into a market of tens of billions of dollars. Of course, thanks to the Fund, Trump’s company aims to generate important commission revenues. It is likely that the fund application will receive approval in case of lack of documents after the evaluation process. Since there are too many crypto currency ETFs that are already traded, the SEC process can keep the process as short as possible. Although the largest asset executives such as Blackrock are already existing in this field, Trump’s attempt as a president who has been a term of office for more than 3 years is supportive in terms of the popularity of crypto currencies.
Trump’s crypto currency approach
President Trump has made various statements in this field before, in an announcement on the Truth Social platform in March, the US presidential working group had instructed the Crypto asset markets to create a strategic reserve for the creation of a strategic reserve. It was underlined that various crypto assets such as XRP, left and island could be included in the reserve.
Mayor Trump: “Crypto Asset Markets Presidential Working Group, XRP, Sol and Ada, including a crypto strategic reserve to move to move to move.”
However, this could not go beyond the creation of “stock ı by the use of assets seized as a crime income. Many states have carried out legal studies for real Bitcoin reserve strategy, but most of their processes continue.
All these developments show that the position of crypto assets in the US financial system is increasingly strengthened and legal regulations are shaped accordingly. This application and the process to be experienced may closely affect the interest and expectations of investors. It is stated that the discussions on the regulation of digital assets and the protection of investors will continue to maintain their current.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
