Company: DJTWW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028418
Chunk: 377

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 3
Chunk 377
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 or legislative changes and updates affecting the cryptoeconomy;

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              the characterization of digital assets under the laws of various jurisdictions around the world;

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              the maintenance, troubleshooting, and development of the blockchain networks underlying digital assets, including by miners, validators, and developers worldwide;

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              the ability for cryptocurrency networks to attract and retain miners or validators to secure and confirm transactions accurately and efficiently;

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              ongoing technological viability and security of digital assets and their associated smart contracts, applications and networks, including vulnerabilities against hacks and scalability;

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              fees and speed associated with processing digital asset transactions, including on the underlying blockchain networks and on digital asset trading platforms;

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              financial strength of market participants;

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              the availability and cost of funding and capital;

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              the liquidity of digital asset trading platforms;

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              interruptions in service from or failures of major digital asset trading platforms;

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              availability of an active derivatives market for various digital assets;

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              availability of banking and payment services to support cryptocurrency-related projects;

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              level of interest rates and inflation;

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              monetary policies of governments, trade restrictions, and fiat currency devaluations; and

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              national and international economic and political conditions.

There is no assurance that any digital asset will maintain its value or that there will be meaningful levels of trading activities. For example, in 2022 we witnessed dampened
        demand for trading digital assets in the wake of industry turmoil, impacting our operating results. In the event that the price of digital assets or the demand for trading digital assets decline, our business, operating results, and financial
        condition could be adversely affected.

        49

Our operating results are dependent on the prices of digital assets and volume of digital asset transactions, which have
        historically been volatile and are subject to social media and publicity risks.

Activities in bitcoin and other digital assets also receive a high degree of public scrutiny, both from traditional media sources and through social media and
        other forums. Unfavorable publicity regarding bitcoin has adversely affected the price of bitcoin, as has unfavorable publicity involving other digital assets or digital asset-focused firms. Bitcoin has in the past, and may in the future, be the
        target of media criticism, including regarding the market value, utility and environmental effects of bitcoin. Such unfavorable media coverage could continue to materially impact decisions to buy