Trump Media denies reports claiming a $3 billion cryptocurrency fundraising effort, dismissing them as misinformation. The company’s statement casts doubt on any immediate market impact despite conflicting reports circulating about the initiative. Financial Times initially reported Trump Media would invest this amount in crypto assets. However, Trump Media refutes these claims, citing concerns about the report’s credibility. This denial comes amidst speculation regarding a potential Trump Media investment in cryptocurrency. Despite market reactions to rumors of such a move, Trump Media’s clear stance suggests that no concrete plans are currently in place for cryptocurrency investment. 2023 has seen increased scrutiny on the involvement of the Trump family within the world of cryptocurrencies, leading to heightened public and regulatory interest.