The cryptocurrency too much? President Donald Trump announced the launch of a same, Trump (Trump), who sparked mixed reactions. Although this token had an initial success, with a market capitalization reaching $ 2 billion, It was also criticized for its excessive centralization. Today, it’s Truth +’s turn, Trump’s streaming platform, to be talked about. Indeed, she plans to integrate a new token and a crypto portfolio into her services. The project of too much?
- Donald Trump announced the launch of a same, the Trump (Trump), arousing mixed reactions despite an initial success.
- Truth+, Trump’s streaming platform, plans to integrate a new token and a crypto portfolio, raising concerns about the real motivations of these initiatives.
Truth+: a new token and a wallet in preparation
In a letter sent to shareholders, Truth+the video streaming service of Trump Media and Technology Groupexplores the idea of introducing a utilitarian and a digital portfolio. According to SoothsayerCEO of Trump Media, this token could be used to pay the subscriptions to Truth+ and possibly for other services in the Truth ecosystem.
This initiative is part of a award program that Trump Media wishes to deploy on its various platforms, including Truth Social And Truth.fi. The objective is to create an integrated ecosystem where users can use a single token to access various services.
This is not the first time that Trump Media manifests his interest in cryptocurrency. Last November, the company had already filed a brand request for digital portfolio software intended to facilitate transactions on Truth.fi.
Truth+ was launched in October with content mainly focused on a rather conservative audience. The addition of a crypto token could not only attract a new audience, but also retain current users by offering them financial incentives.
In addition, Trump Media recently signed an agreement with Crypto.com and Yorkville America Digital to launch ETF (Stock market negotiated funds) which will include cryptocurrencies and American shares. This decision is part of a strategy wider aimed at investing until $ 250 million In various financial products, including Bitcoin and other cryptocurrencies.
Critics persist despite everything
Although Donald Trump has transferred His 59 % participation in Trump Media in a trust, observers continue to worry about Potential conflicts of interest. President Trump’s support for various Crypto initiatives, including his platform World Liberty Financialinevitably raises questions about theinfluence that he could exercise on crypto policy in the United States.
The launch of the same Trump in January was also controversial. Some senators finally fear that the political decisions of Donald Trump unduly promote its companies, in particular World Liberty Financial60 % of which are detained by the Trump family.
While the executive continues to push its crypto projects, the opposition wonders if these initiatives are motivated by a real technological vision or simply by personal financial interests. Anyway, adding a token and a crypto portfolio to Truth+ shows that Trump Media is determined to capitalize On the growing popularity of cryptocurrencies.