Logistics Firm Invests $20M in Trump Memecoin Amid Regulatory Scrutiny

Freight Technologies (Fr8Tech), a NASDAQ-listed logistics company, has committed $20 million to acquire Official Trump memecoins in a bold move aligning its digital asset strategy with the controversial cryptocurrency venture tied to the former U.S. president. The Houston-based firm, which specializes in U.S.-Mexico trade solutions, claims the investment supports cross-border commerce—though the operational relevance of a memecoin to supply chain logistics remains unexplained.

The deal coincides with an ethics probe by the U.S. Office of Government Ethics into whether Trump violated federal rules by offering privileged access to top investors of his branded cryptocurrency. Fr8Tech CEO Javier Selgas framed the allocation as forward-looking, despite market skepticism about memecoins’ institutional viability.