Chinese-linked firm raises $300M from private investor to buy TRUMP memecoin

A little-known tech company with ties to China is pledging up to $300 million to purchase Bitcoin and the Trump-themed memecoin TRUMP, according to a May 11 filing with the US Securities and Exchan...

By · · 1 min read
Chinese-linked firm raises $300M from private investor to buy TRUMP memecoin

Source: CryptoSlate

A little-known tech company with ties to China is pledging up to $300 million to purchase Bitcoin and the Trump-themed memecoin TRUMP, according to a May 11 filing with the US Securities and Exchange Commission. The move immediately raised alarms over potential conflicts of interest and regulatory gaps, as it could enrich the Trump family. […]