Company Boasts Spending Up To $20 Million On Trump Crypto Coin To Buy Influence

Saturday, May 03, 2025

The arrangement puts money in Trump's pocket in return for the opportunity to change policy -- exactly the sort of pay-to-play scheme critics warned about.

Posted by retort at 08:52 PM | 4 COMMENTS | permalink

The largest investors in Donald Trump's crypto coin have been promised a private audience with the president. The arrangement could put Trump at odds with the Constitution and add fuel to calls for his impeachment, experts say. www.wired.com/story/trumps ...

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-- WIRED (@wired.com) May 1, 2025 at 7:21 AM

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The first article my search engine of choice presented to me when I searched for "Freight Technologies Inc. Trump" ...

A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals
www.coindesk.com

... What to know:

- - - Freight Technologies is set to invest up to $20 million in the Official Trump Token (TRUMP) as it builds a crypto treasury.

- - - Freight Technologies' shares jumped over 111% after the announcement but plunged 21.6% in after-hours trading.

Freight Technologies (FRGT), a $4.8 million market cap logistics tech firm focused on cross-border trade between the U.S. and Mexico, has entered an agreement to buy up to $20 million in the Official Trump Token (TRUMP) to build out its crypto treasury.

The company said it secured the funding through a convertible note facility with an institutional investor, with an initial $1 million tranche already committed. The capital will be used solely to acquire TRUMP tokens, making it one of the first publicly listed companies to do so. ...

#1 | Posted by LampLighter at 2025-05-03 09:26 PM