Trump Media and Technology Group (TMTG) submitted a trademark application named 'TRUTHFI' this week, indicating that the group may be involved in cryptocurrency payments and trading.
There are not many specific details about this trademark application, but it lists various potential applications, including cryptocurrency payment processing, card payment processing services, asset management, custody services, and digital asset trading.
Currently, the primary business of this publicly traded company owned by Trump is operating the social media platform Truth Social. It is unclear how far the company has progressed in evaluating cryptocurrency payment services, and it is uncertain whether it will ultimately launch a cryptocurrency-related platform.
The United States Patent and Trademark Office website shows that it is currently reviewing applications submitted from April 17 to May 1, noting that registering a new trademark takes at least 12 to 18 months and may be delayed due to 'complex procedures.'
(Financial Times) Earlier this week, citing two informed sources, it was reported that Trump Media and Technology Group is in 'deep negotiations' to acquire the cryptocurrency platform Bakkt; if the deal is completed, the company will acquire Bakkt from the Intercontinental Exchange (ICE) in an all-stock transaction.
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