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Trump Media and Technology Group (TMTG), owned by President Donald Trump, has unveiled plans to launch a financial services platform named [Truth.Fi]([link removed]). The initiative includes a substantial investment of up to $250 million in both cryptocurrencies and traditional assets, focusing on American growth sectors such as manufacturing and energy.
This move aligns with the administration's pro-crypto stance, aiming to counteract perceived Big Tech and corporate censorship. Asset custody and advisory services will be provided by Charles Schwab. Following the announcement, TMTG's share price rose by 10%.
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**Fun Fact Of The Day**
The Swiss city of Zug, also known as **"Crypto Valley,"** became one of the first places in the world to accept Bitcoin for government services. Residents can pay taxes, fines, and even register businesses using cryptocurrency, showcasing Switzerland's progressive stance on digital finance.
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