Trump Media, the parent company of Truth Social, has filed to launch a new crypto ETF backed by a handful of the most popular tokens.

The president’s social media company is undergoing its own metamorphosis, becoming a major player in the crypto industry.

Key Points The Trump administration is affecting the crypto sector in quite a few ways.The president's official token has hurt the sector. The newly proposed policies and newly appointed leaders could be positives.

President Donald Trump plans to launch a cryptocurrency exchange-traded fund, or ETF, through his media company

Trump Media stock saw a double-digit sell-off last month despite a bullish rally for the broader market. Trump Media's share price has seen some recovery momentum in July's trading. Trump Media & Technology Group (NASDAQ: DJT) stock lost ground in June's trading despite a very strong bullish backdrop for the broader market.

Donald Trump Jr.'s $4M bet on Thumzup highlights the Trump family's growing push into crypto and digital assets.

Trump Media & Technology Group (DJT) files trademarks for 'Truth Social AI,' signaling a new strategy amid financial losses and after a major push into crypto ETFs.

The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.

Here's a quick recap of the crypto landscape for Wednesday (July 9) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Trump Jr. crypto investment grows with a $3.3M stake in Thumzup Media, backing Bitcoin reserves as part of a growing institutional adoption trend.