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Trump Memecoin Issuer Eyes Republic Acquisition to Enter Startup Funding

Trump Memecoin Issuer Eyes Republic Acquisition to Enter Startup Funding

Fight Fight Fight LLC, the corporate behind the Trump-linked memecoin launched earlier than the president’s second inauguration, is in talks to purchase Republic.com’s US operations in a transfer that would combine the controversial token into startup crowdfunding.

According to Bloomberg, the acquisition would permit Fight Fight Fight to encourage buyers to transact utilizing the Trump token whereas serving to crypto startups elevate capital beneath a friendlier regulatory regime.

Currently, the talks between Fight Fight Fight and Republic stay confidential, with each firms declining to remark.

Republic.com, which has supported over 3,000 fundraising campaigns, gives tokens representing real-world belongings like fairness and money, a sector that has attracted monetary giants similar to BlackRock.

Republic Deal Could Revive Struggling Memecoin Market

The Trump memecoin initially surged to practically $9 billion in market worth earlier than plunging alongside the broader memecoin sector.

The token at present holds a market worth of about $1.6 billion, as memecoins, crypto tokens usually related to memes and celebrities that lack underlying utility, have fallen sharply from their early 2025 peak.

Trump Memecoin Issuer Eyes Republic Acquisition to Enter Startup Funding
Source: CoinMarketCap

Fight Fight Fight has been working to develop the memecoin’s performance, with a number of websites already accepting it for funds.

Under the potential Republic acquisition, the corporate may subject grants denominated within the Trump token and permit buyers to fund startups utilizing the cryptocurrency, in accordance to folks aware of the discussions.

The timing comes as Trump Media announced on October 28 a partnership with Crypto.com to combine prediction markets into Truth Social by way of a characteristic referred to as Truth Predict.

Users holding “Truth gems” will likely be ready to convert them into Cronos’ native token and buy prediction market contracts, following the businesses’ earlier three way partnership to handle a digital asset treasury targeted on CRO.

CZ Pardon Sparks Fierce Democratic Backlash

Trump’s October 23 pardon of Binance founder Changpeng Zhao has ignited fierce political controversy, with Democratic lawmakers accusing the president of corruption, given Binance’s $2 billion deal involving Trump’s household crypto agency World Liberty Financial.

Zhao, who served four months after pleading guilty to failing to preserve enough anti-money laundering controls that enabled transactions linked to terrorists and baby abusers, pledged to “assist make America the Capital of Crypto.”

Senator Elizabeth Warren led the opposition, stating that Zhao “pleaded responsible to a felony cash laundering cost and was sentenced to jail. But then he financed President Trump’s stablecoin and lobbied for a pardon.

Representative Maxine Waters condemned the choice as “an appalling reflection of his presidency: one outlined by corruption, self-interest, and loyalty to criminals over working-class American households.

The pardon permits Zhao to re-engage with Binance ventures, clearing authorized obstacles from his 2023 responsible plea.

With a internet price of $61.4 billion, Zhao wields appreciable affect over Binance’s blockchain ecosystem, which hosts roughly $8.7 billion in belongings.

Binance Plans US Return Amid Political Tensions

Binance is exploring options to re-enter the United States market following the pardon, contemplating consolidating its separate US affiliate into international operations or having its principal platform serve American buyers instantly.

The trade at present operates Binance.US as a structurally separate entity, capturing lower than 1% of US Bitcoin buying and selling quantity, in contrast to practically 40% international market share commanded by Binance internationally.

Democratic senators led by Warren, Sanders, Van Hollen, Reed, and Hirono demanded explanations from Attorney General Pamela Bondi and Treasury Secretary Scott Bessent by November 4 on how the pardon may impression future prosecutions.

Their letter warned that the transfer “indicators to cryptocurrency executives and different white-collar criminals that they’ll commit crimes with impunity, as long as they enrich President Trump sufficient.

Given all these rising controversies surrounding what they referred to as “Trump’s battle of curiosity,” consultant Ro Khanna announced plans to introduce laws banning elected officers from proudly owning or launching cryptocurrencies, calling Trump’s actions “blatant corruption.

The controversy intensifies as scrutiny grows over crypto’s function in US politics, with trade firms spending over $134 million on the 2024 election cycle, a thirteenfold enhance from the earlier presidential race.

The submit Trump Memecoin Issuer Eyes Republic Acquisition to Enter Startup Funding appeared first on Cryptonews.

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