After boosting Donld Trump through extreme sycophancy, turning Twitter into the red-pilled X, and dousing the once-and-future president with $239 million in campaign contributions, Musk earned himself a starring role in Trump’s second administration. But he didn’t want to be a secretary of anything; rather, he wanted DOGE.
The investment strategy of Truth.Fi will be guided by financial services firm Charles Schwab, which will oversee asset custody and provide advisory services. While Schwab does not currently facilitate direct trading in cryptocurrencies like bitcoin, it has indicated it would explore the space if regulatory conditions allow.
In November 2022, days after Elon Musk took control of the company then called Twitter, employees received an email with the subject line: “A fork in the road.” Now he’s turned his attention to the US government,
Leaving aside the technical substrate, there is arguably little difference between $TRUMP and the president posting a deposit-only Swiss-bank-account number online, into which people can deposit funds and privately show him the receipts for their deposits.
Dogecoin faces multiple market catalysts including a new ETF filing by Bitwise and connections to federal cost-cutting programs, while trading at $0.3316 amid analyst predictions of potential price appreciation.
Bitwise has filed for a Dogecoin ETF, and crypto bettors on Polymarket believe there are now much higher chances a $DOGE ETF will be approved.
The billionaire appeared to laugh at the suggestion Trump's chief of staff is blocking Musk's access to the president.
If an S-1 form is officially lodged, Bitwise will join Osprey Funds and Rex Shares, who just filed for several cryptocurrency ETFs on Tuesday. Among those are the ones tracking Dogecoin and Official Trump (TRUMP), President Donald Trump’s memecoin.
The series of directives issued by President Donald Trump within hours of his swearing-in was -- as expected -- unambiguous, assertive and geopolitically important.
The Tesla CEO’s considerable financial and business interests would tie his hands if he’s named as overseer of the new government service.
Citigroup (C) and Evercore ISI are acting as book-running managers for the proposed IPO and as representatives of the underwriters. RBC Capital Markets and William Blair are acting as joint bookrunners, and Baird is acting as co-manager for the proposed offering.
Elon Musk had sharp words for a private-sector partnership touted this week by the Trump administration to hasten the development of artificial intelligence infrastructure. “They don’t actually have the money,” Musk said of two of the participants in the $500 billion initiative, OpenAI and SoftBank, on his social media site X.