White Home A.I. and Crypto Czar David Sacks discusses the ‘Successful the AI Race’ summit, how the U.S. may be the chief on the know-how and the signing of the GENIUS Act into legislation.
President Donald Trump’s media and know-how firm is betting large on bitcoin.
On Monday, Trump Media and Know-how Group introduced that the corporate has amassed about $2 billion in bitcoin and bitcoin-related securities.
The brand new bitcoin holdings now make up about two-thirds of Trump Media’s whole liquid belongings, value roughly $3 billion, it introduced in a press release.
“We’re rigorously implementing our publicly introduced technique and fulfilling our bitcoin treasury plan. These belongings assist guarantee our Firm’s monetary freedom, assist shield us towards discrimination by monetary establishments, and can create synergies with the utility token we’re planning to introduce throughout the Fact Social ecosphere,” Trump Media President and CEO Devin Nunes wrote in the discharge.
MIAMI QUIETLY RECLAIMS ITS CRYPTOCURRENCY CROWN AS MARKET SIGNALS POINT TO PROMISING COMEBACK
Trump Media shares, which publicly commerce beneath the president’s initials “DJT,” surged by a excessive of 9% following the information. At about midday on Tuesday, shares had been up nearly 4% because the market opened.
A cutout of U.S. President Donald Trump holding a Bitcoin is displayed on a gaggle of servers throughout The Bitcoin Convention at The Venetian Las Vegas in Las Vegas, Nevada, on Might 27, 2025. (Getty Photos)
Trump Media advised Fox Information Digital: “Firms supporting or related to President Trump have been topic to debanking and other forms of political retaliation all through the economic system—holding a sturdy Bitcoin treasury helps reduce the affect of this type of discrimination. And by integrating utility tokens into Fact Social and Fact+, we goal to offer our customers the choice to take pleasure in our merchandise with out being on the mercy of monetary establishments who could cancel them.”
President Trump has made cryptocurrency a cornerstone of his second administration, most just lately by signing into legislation the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins (GENIUS) Act on Friday – a landmark piece of laws that establishes federal rules surrounding digital foreign money.
Forward of signing the invoice, Trump recalled how he beforehand vowed to make the U.S. the “crypto capital of the planet” throughout a keynote tackle throughout a bitcoin convention in Nashville, Tennessee, in July 2024, the place he mentioned that the rules his administration would implement could be “written by individuals who love your business, not hate your business.”
Trump Media & Know-how Group CEO Devin Nunes discusses the surge in DJT after Fact Social goes public on ‘Maria Bartiromo’s Wall Avenue.’
“I pledged that we might deliver again American liberty and management and make the USA the crypto capital of the world,” Trump mentioned Friday. “And that is what we have carried out. And beneath the Trump administration, that is solely going additional.”
The Trump household has additionally benefited in current years from their involvement in crypto ventures, together with an estimated $500 million by way of World Liberty Monetary and their Trump-related tokens and memecoins, according to a Reuters analysis.
On FOX Enterprise’ “Mornings with Maria” Tuesday, White Home A.I. and crypto czar David Sacks applauded the president’s “management and imaginative and prescient and dedication and ability” round cryptocurrency regulation.
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‘Making Cash’ host Charles Payne explains how the GENIUS Act creates a regulatory framework for stablecoins.
“He signed the GENIUS Act, which is the primary historic piece of crypto laws. We have by no means had that earlier than. It was President Trump who, in the course of the marketing campaign, promised to make the USA a crypto capital of the planet. He prioritized the difficulty,” Sacks mentioned.
“This permits the greenback for use on-line in crypto wallets the world over. And by doing that, it extends the greenback’s dominance internationally,” he added, “and I feel it will bolster the greenback’s standing as a reserve foreign money for the world. And… create trillions of {dollars} in demand for U.S. treasuries.”
