The Trump Organization, which is privately owned by President Donald Trump, recently filed a new trademark for several cryptocurrency and NFT-related items. Here’s a look at what the move means and how Trump could be betting on the future growth of the metaverse.
What Happened: Trump is not new to the world of cryptocurrency and NFTs. The president changed his previous bearish stance on cryptocurrencies such as Bitcoin (CRYPTO: BTC) ahead of the 2024 presidential election.
The cryptocurrency community latched onto Trump in the 2024 election with a bet that he would bring a more pro-crypto-friendly atmosphere to the White House.
Cryptocurrencies such as Bitcoin soared to new all-time highs after his November 2024 election win. Trump’s White House administration has favored cryptocurrency, including ending legislation from the old SEC against several crypto-related companies.
Trump, who has already launched NFTs and his own meme coin, could launch more cryptocurrency-related programs soon. A trademark shared on X by trademark attorney Josh Gerben shows the Trump Organization filing for several items.
“The filing states the company intends to offer:
– A Trump-branded metaverse
– A platform for trading NFTs and cryptocurrencies so long as they are ‘authorized by the 45th and 47th President of the US,” …
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