Trump Memecoin Issuer Explores Acquisition of Republic to Enhance Startup Funding
Jessie A Ellis Oct 31, 2025 09:57
Fight Fight Fight LLC, issuer of the Trump memecoin, is in talks to acquire Republic.com’s US operations to integrate the token into startup crowdfunding, amid political controversies involving CZ's pardon.
Fight Fight Fight LLC, the company behind the Trump-linked memecoin, is reportedly negotiating the acquisition of Republic.com’s US operations. This strategic move aims to incorporate the controversial token into startup crowdfunding, according to CryptoNews. The acquisition would potentially enable investors to use the Trump token for transactions, facilitating capital raising for crypto startups under a more favorable regulatory environment.
Republic.com has been instrumental in supporting over 3,000 fundraising campaigns, offering tokens that represent real-world assets like equity and cash. This sector has attracted interest from major financial players such as BlackRock. However, both Fight Fight Fight and Republic have chosen to keep the discussions confidential, with no official comments from either side.
Republic Deal Could Revive Struggling Memecoin Market
The Trump memecoin initially saw a meteoric rise to nearly $9 billion in market value but has since experienced a significant decline, mirroring the broader memecoin market downturn. Currently valued at approximately $1.6 billion, the token represents a sector often associated with memes and celebrities, typically lacking substantive utility.
Efforts by Fight Fight Fight to expand the token’s functionality have seen some success, with several platforms accepting it for payments. If the Republic acquisition proceeds, the company could issue grants in the Trump token and enable startup funding through the cryptocurrency, enhancing its practical application.
This potential deal coincides with Trump Media’s recent announcement of a partnership with Crypto.com, aiming to integrate prediction markets into Truth Social using a feature dubbed Truth Predict. This collaboration allows users to convert “Truth gems” into Cronos’ native token for purchasing prediction market contracts.
CZ Pardon Sparks Fierce Democratic Backlash
Amid these developments, Trump's pardon of Binance founder Changpeng Zhao has sparked political controversy. Democratic lawmakers have accused the president of corruption due to a $2 billion deal involving Trump’s family crypto firm, World Liberty Financial. Zhao, who previously served a four-month sentence for failing to maintain adequate anti-money laundering controls, has expressed his commitment to advancing the crypto industry in the US.
Senator Elizabeth Warren criticized the pardon, highlighting Zhao's guilty plea to money laundering charges and accusing him of financing Trump’s stablecoin. Representative Maxine Waters condemned the decision, describing it as reflective of a presidency marred by corruption and self-interest.
This pardon enables Zhao to re-engage with Binance ventures, removing legal barriers tied to his 2023 guilty plea. Binance, under Zhao’s leadership, commands a significant position in the blockchain ecosystem, managing approximately $8.7 billion in assets.
Binance Plans US Return Amid Political Tensions
Following the pardon, Binance is exploring strategies to re-enter the US market, potentially consolidating its separate US affiliate with its global operations. Currently, Binance.US operates as an independent entity, capturing a small fraction of the US Bitcoin trading volume compared to Binance’s global market share.
Democratic senators, including Warren and Sanders, have demanded explanations from Attorney General Pamela Bondi and Treasury Secretary Scott Bessent regarding the pardon’s implications for future prosecutions. They argue that the move conveys a message of impunity for cryptocurrency executives who financially benefit the president.
In response to these controversies, Representative Ro Khanna has announced plans to propose legislation banning elected officials from owning or launching cryptocurrencies, citing Trump’s actions as overt corruption. This legislative push comes amid increasing scrutiny of crypto's influence in US politics, with industry contributions to the 2024 election cycle reaching over $134 million.
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