Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC
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- Trump Media transferred 2,628 BTC to Crypto.com in two transactions (2,429 BTC and 198.9 BTC), per Arkham wallet data, with holdings falling to 4,261 BTC.
- Trump Media-linked wallets had previously moved 2,650 BTC (~$205 million) to Crypto.com on May 22, making the recent transfers a continuation of selling activity.
- CLARITY Act deliberations include scrutiny over ethics rules, digital asset ownership by public officials, and potential conflicts of interest, though the legislation does not require companies to divest existing crypto holdings.
- Critics point to Trump-linked crypto ventures including the Official Trump (TRUMP) and Melania (MELANIA) memecoins, World Liberty Financial's WLFI governance token, and the USD1 stablecoin as examples of overlap between political influence and private crypto interests.
- Trump Media launched 'Truth API,' a paid data service offering real-time, licensed access to Truth Social posts from President Trump, reportedly priced as high as $100,000 per month.
Why it matters: The sales come while the CLARITY Act—now focused on tightening ethics rules around officials' digital asset holdings—is under congressional debate, though the bill explicitly doesn't mandate divestment. Trump Media's 4,261 BTC remaining position keeps a significant crypto stake tied to the president's business interests, even as the company simultaneously launches a new revenue stream monetizing Trump's social media output at up to $100K/month.
