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Trump Media Plans Shareholder Crypto Token With Crypto.com

Crypto News

Trump Media and Technology Group Corp. is pushing deeper into digital assets, announcing plans to issue a new cryptocurrency that would be distributed directly to its shareholders — another signal of how closely the Trump business ecosystem is tying itself to the fast-moving crypto market as regulatory pressure eases in Washington.

According to Bloomberg, the company said Wednesday (Dec. 31) that it will create a token in partnership with Crypto.com, with each shareholder receiving one token for every share they own. Trump Media, which operates President Donald Trump’s Truth Social network, said the token is expected to operate on the Cronos blockchain, a network supported by Crypto.com.

The move adds to a growing roster of…

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