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.
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 ...
-- 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. ...
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