Trump Media considers a crippto token and a streaming wallet

Trump Media and Technology Group, Social Media Conglomerate supported American President Donald Trump, considers integrating crypto tokens and wallets to its website for video streaming, truth +.

“We investigate the introduction of utility to the truth of a digital wallet that can initially be used to pay the costs of truth + and later apply to other products and services in the ecosphere of the truth,” Trump Media Devin Nunes wrote in the letter 29. April.

He added that the CRIPTO token and wallet would be part of the Program for the Trump Media investigating its services, which include the truth of Social Media Platform CITION and financial services platform truth.fi.

Trump Media first signal plans for potential CRIPTO payments last November when it is applied for a trademark With a patent office and trademark for computer, it is designed to function as a digital wallet, it allows for trading and cropto payment processes and processes.

True + launched in October, offering movies and emissions mainly target politically conservative audience.

Trump Media signed a binding contract With Cripto Exchange Cripto.com and Asset Cryville America Digital to launch funds that traded (ETFS) that will include crypto and supplies “made in America focusing” to start the truth.fi.

The company announced in January to plan to invest up to $ 250 million of her cash reserves in a range of financial products, including Bitcoin (Btc) and other crypto tokens or securities concerning the crypto, which would be detained by the property manager Charles Schwab.

More potential for conflicts of interest

Starting the Trump Media COMTILITY token would increase concern only for presidential shoulder relating to crypto on the crypt potentially conflict with his duties. Trump, however, transferred His 59% stake in trust last December.

Related: Trump is the first 100 days of the worst in history ‘Despite Cripto promises

Trump was also criticized for supporting crypto platform Financial world freedomWhere the “main advocate of the company” was the main advocate of the company and draw part of its salary.

Some senators were collected by worrying that Trump’s impact on politics could use world freedom, which is 60% owned by the Trump family.

Trump also received a return cartridge Controversial launch Its Memecoina, official trump, 18. January – just two days before he entered the White House again.

Journal: Trump crypto endeavor increase conflicts of interest, insider trade