{"id":128245,"date":"2025-04-30T00:15:49","date_gmt":"2025-04-30T00:15:49","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128245"},"modified":"2025-04-30T00:15:49","modified_gmt":"2025-04-30T00:15:49","slug":"trump-media-considers-crypto-token-and-wallet-for-streaming-arm","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128245","title":{"rendered":"Trump Media considers crypto token and wallet for streaming arm"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTrump Media and Technology Group, the social media conglomerate backed by US President Donald Trump, is considering integrating a crypto token and wallet into its video streaming site, Truth+.<br \/>\n&#8220;We&#8217;re exploring the introduction of a utility token within a Truth digital wallet that can initially be used to pay for Truth+ subscription costs, and later be applied to other products and services in the Truth ecosphere,&#8221; Trump Media CEO Devin Nunes wrote in an April 29 letter to shareholders.<br \/>\nHe added that the crypto token and wallet would be part of a rewards program that Trump Media is exploring across its services, which include the social media platform Truth Social and the financial services platform Truth.Fi.<br \/>\nTrump Media first signaled plans for a potential crypto payments venture last November when it filed a trademark application with the US Patent and Trademark Office for computer software designed to function as a digital wallet, enable digital asset trading and process crypto payments on Truth.Fi.<br \/>\nSource: CointelegraphTruth+ launched in October, offering movies and shows mainly targeting a politically conservative audience.<br \/>\nTrump Media signed a binding agreement with the crypto exchange Crypto.com and asset manager Yorkville America Digital to launch exchange-traded funds (ETFs) that will include crypto and stocks \u201cwith a Made in America focus\u201d to launch on Truth.Fi.<br \/>\nThe company said in January that it plans to invest up to $250 million of its cash reserves into a range of financial products, including Bitcoin (BTC) and other crypto tokens or crypto-related securities, which would be custodied by asset manager Charles Schwab.<br \/>\nMore potential for conflict of interest<br \/>\nThe launch of a Trump Media utility token would only heighten concerns about the president\u2019s crypto-related ventures potentially conflicting with his duties. Trump, however, transferred his 59% stake into a trust last December.<br \/>\nRelated: Trump\u2019s first 100 days \u2018worst in history\u2019 despite crypto promises<br \/>\nTrump has also been criticized for backing the crypto platform World Liberty Financial, where he\u2019s named the firm\u2019s \u201cChief Crypto Advocate\u201d and draws a portion of its profits.<br \/>\nSome senators have raised concerns that Trump\u2019s influence on policy could benefit World Liberty, which is 60% owned by the Trump family.<br \/>\nTrump also received backlash for the controversial launch of his memecoin, Official Trump (TRUMP), on Jan. 18 \u2014 just two days before he re-entered the White House.<br \/>\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<a href=\"https:\/\/cointelegraph.com\/news\/trump-media-exploring-crypto-token-digital-wallet?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTrump Media and Technology Group, the social media conglomerate backed by US President Donald Trump, is considering integrating a crypto token and wallet into its video streaming site,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128245"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128245"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128245\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128245"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}