According to a document from the official website of the United States Patent and Trademark Office (USPTO), Trump Media TMTG submitted a new trademark application for "TruthFi" on November 18, which may involve businesses related to digital wallets, asset custody, cryptocurrency trading platforms, and more. (Background: The cryptocurrency advisory committee established by Trump will assist in creating a Bitcoin reserve in the United States) (Additional Background: Trump nominated Bitcoin enthusiast Howard Lutnick as Secretary of Commerce; the new SEC chairman will be a crypto-friendly lawyer?) The incoming President of the United States, Trump, who supports cryptocurrencies, has been reported to be in deep discussions regarding the acquisition of the cryptocurrency trading platform Bakkt, which is owned by the Intercontinental Exchange (ICE), drawing significant attention. Just yesterday (22), according to a document from the official website of the United States Patent and Trademark Office (USPTO), Trump Media TMTG also submitted a new trademark application for "TruthFi" on November 18, indicating that Trump is likely to further advance into the cryptocurrency market. What services does "TruthFi" encompass? Regarding this application document, well-known trademark attorney Josh Gerben stated on Twitter yesterday that the application submitted by Trump Media suggests that it may offer the following services in the future: Digital wallets Financial analysis and data research related to finance Cryptocurrency payment services Financial asset management Digital asset trading Trump Media has filed a new trademark application for: "TruthFI" The filing, made with the USPTO on Monday, indicates that Trump Media plans to offer: 1. Digital wallets 2. Cryptocurrency payment processing services 3. A digital asset trading platform#Trump #TruthSocial pic.twitter.com/24J6J8xjuC — Josh Gerben (@JoshGerben) November 21, 2024 However, it is worth noting that Gerben also pointed out in his analysis that although such signs indicate that Trump Media may be involved in these crypto-related businesses in the future, we do not know how their progress is at present. Additionally, the registration application for the goods at USPTO can take 1 to 1.5 years to complete the review. Trump Media's stock price has risen 10.52% in the past five days. We know that before Trump won the presidential election, Trump Media's stock price had been declining due to the uncertainties of the election. However, after Trump's victory, the stock price of Trump Media improved, closing at $30.77 with a slight increase of 1% last night, with over a 10% gain in the past five days. Trump is organizing a cryptocurrency advisory committee. It is worth mentioning that although Trump will not officially announce his inauguration until January 20 of next year, there have been frequent reports of favorable actions by Trump regarding cryptocurrency policy. For example, according to recent reports from Reuters, several senior executives in the digital asset industry revealed that multiple cryptocurrency companies, including Ripple, Kraken, and Circle, are vying for seats on the cryptocurrency advisory committee promised by President-elect Trump, trying to exert influence in his U.S. policy reform plans. According to two sources, the cryptocurrency advisory committee may belong to the National Economic Council at the White House, which is responsible for coordinating and implementing the President's economic policy, but it may also be a dedicated department established separately at the White House. The committee is expected to provide advice on digital asset policy, collaborate with Congress to draft cryptocurrency-related legislation, assist in establishing the Bitcoin reserve promised by Trump, and coordinate cooperation among agencies such as the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and the Treasury Department. Related Reports Musk reveals: Bezos was pessimistic about Trump's defeat before the election! Urged people to sell Tesla and SpaceX stocks Nomura Securities predicts: Fed will pause interest rate cuts in December, only cutting two basis points next year High uncertainty regarding Trump's presidency Musk watched the sixth test flight of SpaceX with Trump, where the engine was reignited in space for the first time, but the booster was not successfully retrieved. "Trump Media applies for a new trademark 'TruthFi' involving digital wallets, crypto payments, and asset management" was first published on BlockTempo (the most influential blockchain news media).