Reports suggest that China, Saudi Arabia, Qatar, and the UAE are secretly investing billions into a cryptocurrency associated with former President Donald Trump, known as $TRUMP
. A Chinese-affiliated company, GD Culture Group, has announced plans to purchase $300 million worth of the coin.
U.S. Senator Chris Murphy has raised concerns, stating that foreign governments might be using crypto investments to gain influence with Trump ahead of the 2024 presidential election.
The situation has sparked debate over the role of digital currencies in global politics and election integrity.
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