Trump Media considers crypto token and wallet for streaming arm 🎥
Trump Media and Technology Group, backed by US President Donald Trump, is exploring the integration of a crypto token and wallet within its streaming service, Truth+. This initiative could allow users to pay for subscriptions and later other services using the token.
CEO Devin Nunes revealed these plans in a letter to shareholders, explaining the tokens would form part of a rewards program throughout Trump Media's platforms including Truth Social and Truth.Fi.
Initially discussed in a November trademark filing, this development aligns with Trump Media's partnership with Crypto.com for 'Made in America' ETFs.
Despite potential conflicts of interest, with Trump's previous crypto involvement drawing criticism, he managed to transfer his Trump Media stake to a trust to ensure separation from presidential duties.
However, concerns linger regarding potential influence on policy, given similar dealings like the memecoin launch and association with World Liberty Financial.
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