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Trump Media Reportedly Raising $3 Billion for Crypto Purchases

  • Trump Media & Technology Group plans to raise $3 billion to purchase cryptocurrencies.
  • The fundraising involves $2 billion in fresh equity and $1 billion through a convertible bond.
  • The move indicates the Trump family's increasing involvement in the crypto sector, raising concerns about conflicts of interest.
  • The crypto industry has seen other developments like major banks exploring a jointly operated stablecoin as the sector evolves.

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