President Donald Trump’s truth+ video streaming app is considering launching a utility token.
Devin Nunes, chief executive and chairman of TMTG (Trump Media & Technology Group), sent a letter in a new shareholder letter that the company is exploring tokens and “truth digital wallets.”
NUNES, a former member of the parliament, said token can be used to pay truth+ subscription costs and later apply to other products and services of the truth Eco Spear.
Trump’s controversial solar -based note, Trump, was ticked after the news. The 48th password asset was traded at $ 12.70 for writing, and it has fallen more than 7% over the last 24 hours.
In January, TMTG announced a partnership with the financial service giant Charles Schwab and started Truth.fi, a FinTech company with Crypto Services.
TMTG’s Board of Directors approved $ 250 million in investment to have a custody as a custody as a means of diversifying the company’s reserve. This can be reached with investment vehicles, ETFs (Exchange-Traded Fund), separate management accounts (SMA) and Bitcoin (BTC) and other digital assets.
In recent shareholders, NUNES said that the first two truth would be the slate of custom SMA and ETF.
“Both products will have the first theme of the United States, and the ETF focuses on various industries in various industries that provide both cryptocurrency and traditional stocks.
Trump Media has partnered with the highest quality company with great synergies with business and vision to start financial products. We developed SMA with Index Technologies Group and Yorkville America Equities and developed ETFs with crypto.com and yorkville America digital.
Trump Media plans to invest with you in these products through its own cash reserves. ”
In Crypto World, Trump’s venture company, Vitalik Buterin, founder Ethereum, said earlier this year that political coins represented “vehicles for unlimited political bribes.”
In a February letter to the US Department of Justice (DOJ) and a government ethics office, a civil servant of a non -profit consumer advocacy group insisted that Trump’s memes could violate federal laws.
Follow us in X, Facebook and Telegram
Don’t miss the beat -Subscribe to the email notifications directly delivered to the received letter box.
Check the price measures
Sur surfing the HODL mix every day
& nbsp
Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.
Created image: Midjourney