Trump media firm to issue new cryptocurrency to shareholders
The firm behind US President Donald Trump’s Truth Social platform said it will issue a new cryptocurrency to its shareholders, marking the Trump family’s latest foray into digital assets.
The digital token from Trump Media and Technology Group will add to the Trumps’ crypto ventures, which have generated hundreds of millions of dollars and have raised questions about conflicts of interest.
Trump Media unveiled the new token on Wednesday and said investors will receive one for each share they hold. Trump, who is himself the largest Trump Media shareholder, has supported looser regulation of the crypto sector.
Trump Media shares rose on Wednesday following the firm’s announcement.
The token will be distributed to shareholders through a…
