Freight Technologies to buy $20M in TRUMP meme coins for treasury
The post Freight Technologies to buy $20M in TRUMP meme coins for treasury appeared on BitcoinEthereumNews.com. Freight Technologies Inc., a cross-border logistics company, has announced a $20 million stock offering to purchase TRUMP meme coins, emulating the MicroStrategy model for its treasury. The company says its decision is less about TRUMP or cryptocurrency and more about the upcoming U.S.-Mexico tariffs that threaten business needs. TRUMP meme coin faces scrutiny over potential misuse of president’s crypto wealth The TRUMP meme coin has been controversial since its launch. Much of the President’s cash is wrapped up in crypto. An influential group of experts and former regulators have said the coin raises concerns about potential misuse. Freight Technologies announcing they plan to spend $20 million on constructing TRUMP Treasury has only added to that concern. The company’s press release provides insight into the investment’s reasoning. While it briefly touches on Freight’s interest in AI and Web3 technologies, the main focus is on how U.S.-Mexico trade tariffs might affect the company: “At the heart of our mission is the promotion of productive and active commerce between the United States and Mexico. Mexico is the United States’ top goods trading partner. We believe that adding Official TRUMP tokens is an effective way to advocate for fair, balanced, and free trade between Mexico and the U.S.,” said CEO Javier Selgas. Freight Technologies’ investment sparks speculation over U.S.-Mexico tariffs and stock slide Freight Technologies plays a key role in cross-border shipping with Mexico and is using AI to optimize trade between the two nations. The company sees the potential for a trade war with Mexico to disrupt its operations severely. Although President Trump has previously granted tariff exemptions to certain businesses, the company’s statement does not specifically appeal to him for such a carve-out. Reports suggest that some crypto companies received indirect legal benefits after donating to Trump’s inauguration fund, with some donations…
The post Freight Technologies to buy $20M in TRUMP meme coins for treasury appeared on BitcoinEthereumNews.com.
Freight Technologies Inc., a cross-border logistics company, has announced a $20 million stock offering to purchase TRUMP meme coins, emulating the MicroStrategy model for its treasury. The company says its decision is less about TRUMP or cryptocurrency and more about the upcoming U.S.-Mexico tariffs that threaten business needs. TRUMP meme coin faces scrutiny over potential misuse of president’s crypto wealth The TRUMP meme coin has been controversial since its launch. Much of the President’s cash is wrapped up in crypto. An influential group of experts and former regulators have said the coin raises concerns about potential misuse. Freight Technologies announcing they plan to spend $20 million on constructing TRUMP Treasury has only added to that concern. The company’s press release provides insight into the investment’s reasoning. While it briefly touches on Freight’s interest in AI and Web3 technologies, the main focus is on how U.S.-Mexico trade tariffs might affect the company: “At the heart of our mission is the promotion of productive and active commerce between the United States and Mexico. Mexico is the United States’ top goods trading partner. We believe that adding Official TRUMP tokens is an effective way to advocate for fair, balanced, and free trade between Mexico and the U.S.,” said CEO Javier Selgas. Freight Technologies’ investment sparks speculation over U.S.-Mexico tariffs and stock slide Freight Technologies plays a key role in cross-border shipping with Mexico and is using AI to optimize trade between the two nations. The company sees the potential for a trade war with Mexico to disrupt its operations severely. Although President Trump has previously granted tariff exemptions to certain businesses, the company’s statement does not specifically appeal to him for such a carve-out. Reports suggest that some crypto companies received indirect legal benefits after donating to Trump’s inauguration fund, with some donations…
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