#TrumpBitcoinEmpire

Donald Trump's Bitcoin empire is expanding rapidly. Here are some key developments ¹ ²:

- *Trump Media & Technology Group (TMTG) Investment*: TMTG, the parent company of Truth Social, has disclosed a $2 billion position in Bitcoin and Bitcoin-linked securities, backed by $2.5 billion in fresh capital.

- *Potential $3 Billion Bitcoin Bet*: There's also a plan to raise $3 billion to invest in Bitcoin and possibly launch a crypto ETF, which would make TMTG one of the largest institutional Bitcoin holders in the US.

- *Crypto-Friendly Legislation*: Trump's allies in the House have pushed through pro-crypto bills, including the GENIUS Act, which regulates stablecoins and could benefit Trump-adjacent crypto outfit World Liberty Financial.

- *Trump's Crypto U-Turn*: Trump has shifted from being a Bitcoin skeptic to a supporter, now positioning himself as the "pro-Bitcoin, anti-CBDC candidate".

- *Memecoin Involvement*: Trump's memecoin, "Official Trump", has seen significant gains, and entities linked to him can now sell up to nearly $1 billion worth of $TRUMP tokens.

These developments have raised questions about potential conflicts of interest, given Trump's role as a presidential candidate and possible future administration. Critics worry about the blurring of lines between politics and profit.