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Trump Family Ventures into Tech and Crypto
2025-06-18 22:55:12
Business
Family
Finance

Trump Family Ventures into Tech and Crypto

The Trump family is making waves in the technology and cryptocurrency sectors with the launch of Trump Mobile, offering an unlimited plan for $47.45 and a gold-colored smartphone priced at $499. This initiative aims to address perceived issues surrounding free speech and conservative representation in tech.

Additionally, Trump Media plans to introduce a bitcoin and ether ETF, reflecting a growing interest in digital currencies among various investors. However, skepticism arises regarding the feasibility of producing a made-in-America phone at such a low price, with experts highlighting the challenges of domestic electronics manufacturing.

Mark Cuban has also suggested the potential integration of a crypto wallet into the new phone, hinting at a broader transactional ecosystem. These developments underscore the Trump family's strategic pivot toward technology-driven solutions.

Related news on that topic:

Trump Family Ventures into Mobile Communications

Donald Trump Jr. and Eric Trump have launched a new mobile service called Trump Mobile, featuring a $499 gold smartphone and a monthly plan priced at $47.45. This initiative raises ethical concerns due to the potential conflicts of interest associated with the Trump Organization and the family's political ties. Critics question the feasibility of the gold smartphone, suspecting it may be rebranded from foreign devices rather than manufactured in the U.S. The service promises unlimited calls, messages, and data, all while promoting the 'Make America Great Again' slogan. Meanwhile, billionaire Mark Cuban has suggested that plans for integrating a crypto wallet into these devices could create a transactional ecosystem, further complicating the ethical landscape. As Trump Mobile emerges amidst ongoing trade negotiations with China, the intertwining of politics and commerce continues to provoke scrutiny and debate.

Trump Family Ventures into Mobile Industry

The Trump family has entered the mobile phone market with the launch of "Trump Mobile," a venture spearheaded by Donald Trump Jr. and Eric Trump. The new service offers a monthly plan priced at $47.45, a nod to Donald Trump's presidency, and features a smartphone named the T1, which is priced at $499. The initiative aims to attract conservative consumers and is marketed with unique features such as telemedicine and roadside assistance. Presented at the iconic Trump Tower in New York, the initiative has sparked criticism and concerns regarding potential conflicts of interest. Critics argue that the venture blurs the lines between the Trump family’s business enterprises and public office, raising ethical questions. Additionally, this move into the mobile market occurs amidst ongoing tariff negotiations between the United States and China, further complicating the political landscape. While the Trump Mobile service touts its 5G capabilities and domestic production, questions about the phone's specifications and competitiveness remain. Some industry observers are skeptical about the phone’s feasibility and whether it can compete with established telecom giants that dominate the market. Despite offering unlimited talk, text, and data, the pricing and reliability of Trump Mobile’s services have been scrutinized, with critics pointing out that better deals are available from other providers. This venture reflects the Trump family's continued efforts to leverage their brand in diverse industries, even as it raises questions about the intersection of business interests and political influence.

Read 3 more recent news on this topic

The press radar on this topic:

businessinsider_nl
17. Juni 2025 um 12:12

The Trump family’s licensing

This article discusses various business and market-related topics. It starts with a mention of the Trump family's licensing plans for a mobile phone company called Trump Mobile, which will offer an unlimited plan for $47.45 per month, along with a gold-colored smartphone. The company has also announced plans to launch a bitcoin and ether ETF through its media company, Trump Media. This move comes at a time when several companies are investing in cryptocurrencies, including some high-profile in..
The Street
18. Juni 2025 um 13:49

Trump venture unveils monthly MAGA plan for $47.45

The Trump Organization has announced the launch of a $499 smartphone and a $47.45 monthly plan as part of their strategy to use technology to 'correct the problems' they faced, such as the debanking of conservatives and the loss of freedom of speech on Twitter. The new Trump Mobile service will offer unlimited calls, messages, and data, and the phone will prominently display the 'Make America Great Again' slogan. The Trump family's involvement in various crypto ventures has also raised questions..
The Street
30. Juni 2025 um 15:24

Billionaire Mark Cuban has a blunt response to Trump's $499 golden phone

Billionaire Mark Cuban has made a blunt comment on Trump-affiliated crypto ventures, suggesting they may be planning to integrate a crypto wallet into phones. He believes this could create a transactional ecosystem that collects user fees and allows for easy product sales. This idea is linked to the forthcoming 'T1 Phone', a gold-colored phone made in the USA, which is set to ship in August.
Yahoo News
18. Juni 2025 um 17:20

Unless the Trump family secretly built a U.S. factory, industry experts say the $500 made-in-America smartphone is a fantasy

The Trump Organization has announced a $499 made-in-America smartphone called the T1, licensed under Donald Trump's name. Industry experts are skeptical about the claim, citing high costs and lack of suppliers in the US for electronics manufacturing. The CEO of Purism, a company currently producing a US-made phone, says it's not possible to spin up overnight and that domestic production would be unprofitable at such a low price point.
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