Trump Media & Technology Group (TMTG), the media company behind Truth Social and supported by US President Donald Trump, weighs the launch of a usefulness token and a digital portfolio as part of an expansion of his streaming platform, Truth +.
The potential decision was revealed in a letter sent to shareholders by the CEO and president Devin Nunes Tuesday, before the meeting of the annual shareholders of the company.
According to Nunes, the proposed utility token would be part of a reward program and could initially be used to pay the subscriptions to Truth +.
He added that over time, the token can be used in additional services in the wider truth ecosystem.
Letter echoes Crypto terminology without explicit recognition
While the letter has ceased to label the token as a cryptocurrency or to confirm the integration of the blockchain, the language used aligns with common terminology in the cryptographic sector.
TMTG operates Truth Social, a social media platform modeled after X (formerly Twitter), which Trump helped to launch after being prohibited from the main platforms to violate their policies.
The company was listed on the stock market in March 2024 and reached an assessment close to $ 8 billion at some point, despite modest income. Its market capitalization is currently about $ 5.5 billion.
This is not the first TMTG foray into digital assets. In January, the company announced the training of Truth.fi, a Fintech division aimed at investing in Bitcoin and other cryptocurrencies.
New: in a letter to the shareholders, CEO of Trump Media @Devinnunes announced that the platform is considering the launch of a usefulness token for subscription payments and other possible future uses in “the ecosphere of truth”. pic.twitter.com/sq2a6tdbdi
– Eleanor Terrett (@elean branch) April 29, 2025
New: in a letter to the shareholders, CEO of Trump Media He also disclosed plans to launch funds (ETF) focused on exchanges (ETF) focused on crypto-en partnership with Crypto.com.
The potential portfolio and token for Truth + would add to an increasing portfolio of crypto companies linked to Trump and its allies.
These include NFT, even a stablecoin project, Bitcoin extraction operations and a DEFI platform nicknamed World Liberty Financial. A real estate game on Trump’s theme would also be in development.
These developments arise while the Trump administration is progressing with a pro-Crypto program.
Since the office resumption, Trump has approved the creation of a reserve of strategic digital assets, argued for Stablecoin’s legislation and has paid the application of cryptographic projects in several federal agencies.
Crypto-friendly Paul Atkins sworn as a dry chair
As indicated, Paul Atkins sworn as president of the dry at the beginning of the month, marking a quarter of an executive which is welcomed by the digital asset industry.
Under the direction of Atkins, the SEC has already withdrawn or delayed several important cases against cryptographic companies.
The agency abandoned its prosecution against Coinbase and Cumberland DRW earlier this year, and a separate survey on the Laboratoires Uniswap closed in February without action in application.
Last week, the agency also closed its survey on Cyberkongz, an eminent NFT and game project based on Ethereum, without any application measure.
More recently, the SEC announced that it would not pursue legal proceedings against Richard Schueler, better known as Richard Heart, the founder of Hex, Pulsechain and Pulsex.
The post Trump’s Truth + considers that adding Crypto Wallet and Token: the report appeared first on Cryptonews.
