The President Donald Trump Verification + streaming application plans to release a utility token.
Devin Nunes, managing director and president of the Trump Media & Technology Group (TMTG), said in a new shareholder letter that the company explores a token and a “digital portfolio of truth”.
Nunes, a former member of the Congress, says that the token could be used to pay the truth + subscription costs and “be applied later to other products and services in the ecosphere of truth”.
The controversial controversial of Trump Solana (ground), even Trump, checked after the news. The classified cryptographic asset of the 48th by market capitalization is negotiated at $ 12.70 at the time of the editorial staff and is down more than 7% in the last 24 hours.
In January, TMTG announced a partnership with the Giant of Financial Services Charles Schwab to launch Truth.fi, a fintech company with Crypto services.
As a means of diversifying the company’s reserves, the TMTG board of directors has approved an investment of $ 250 million to be kept by Charles Schwab, which could go to investment vehicles, stock markets on the stock market (ETF), the accounts managed separately (SMAS), as well as Bitcoin (BTC) and other digital assets.
In the recent shareholder letter, Nunes affirms that the first two truth products.
“The two products will have a theme first in America, focusing on a diversified set of businesses in several sectors, ETFs offering both cryptocurrencies and traditional actions.
To launch our financial products, Trump Media has teamed up with superior quality companies that have great synergy with our business and our vision. We joined index Technologies Group and the actions of Yorkville America to develop SMAS, and with Crypto.com and Yorkville America Digital to develop ETF.
Trump Media plans to invest, by your side, in these products via his own cash reserves. »»
Trump’s companies in the world of cryptography have generated important public criticisms: the founder of Ethereum (ETH), Vitalik Buterin, said this year that political parts represented “vehicles for unlimited political corruption”.
In a February letter to the United States Ministry of Justice (DOJ) and the government’s ethics office, officials of the non -profit consumer defense organization argued that Trump’s same could be in violation of federal law regulating donations from government representatives.
Follow us on X, Facebook and Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
