A surprising move by Freight Technologies Inc. has taken the internet by storm after the company announced plans to buy up to $20 million worth of Donald Trump’s meme cryptocurrency, $TRUMP. The CEO’s stunning reason for buying Trump’s meme coin—attempting to influence U.S. trade policy—has gone viral, raising eyebrows across political and financial circles.
Javier Selgas, CEO of Freight Technologies, stated in a press release that purchasing the $TRUMP token is intended as a bold message in support of fair and balanced trade between the U.S. and Mexico. This unconventional tactic, Selgas claims, could help steer the administration toward more favorable tariff policies. The company disclosed the investment in a recent SEC filing, noting that the funds would come from newly issued convertible notes.
Despite Trump’s public insistence on NBC’s Meet the Press that he isn’t profiting from his crypto ventures, mounting evidence suggests otherwise. The $TRUMP coin’s official site reveals that 80% of the token supply is held by Trump-linked entities. And although the site claims the project is apolitical, that hasn’t stopped major players like Justin Sun—founder of the crypto platform Tron and currently facing SEC charges—from acquiring over $1.2 million in Trump tokens.
Adding to the controversy, the White House recently confirmed it will host a private dinner for the top 220 holders of Trump’s meme coin, suggesting close ties between the crypto project and the administration.
The CEO’s stunning reason for buying Trump’s meme coin not only highlights the growing fusion of politics and crypto but also sparks concerns over influence peddling at the highest levels of government.
