President Trump’s Truth+ Considering Releasing New ‘Utility Token’ and Crypto Wallet for Its Ecosystem
President Donald Trump’s Truth+ video streaming app is considering releasing a utility token.
Devin Nunes, the chief executive and chairman of the Trump Media & Technology Group (TMTG), says in a new shareholder letter that the firm is exploring a token and a “Truth digital wallet.”
Nunes, a former member of Congress, says the token could be used to pay for Truth+ subscription costs and “later be applied to other products and services in the Truth ecosphere.”
Trump’s controversial Solana (SOL)-based memecoin, TRUMP, ticked down after the news. The 48th-ranked crypto asset by market cap is trading at $12.70 at time of writing and is down more than 7% in the past 24 hours.
In January, TMTG announced a partnership…
