"President Donald Trump, the majority shareholder for Trump Media, has actively championed the growth of cryptocurrency. The Trump Media and Technology Group in the United States has announced a partnership with a cryptocurrency exchange to award its shareholders digital tokens. The announcement corresponded with a small jump on Wednesday in the company's shares, which were up 5 percent as of 11am US East Coast time (16:00 GMT)."
"Wednesday's announcement is not Trump's first foray into the realm of cryptocurrency, nor is it Trump Media's first partnership with Crypto.com. If anything, Trump has described himself as a crypto president during his second term. Part of his recent agenda has been to peel back regulations and end investigations that he believes have impeded cryptocurrency development. In so doing, Trump has repeatedly promised to make the US the crypto capital of the world, echoing similar"
Trump Media will partner with Singapore-based Crypto.com to provide shareholders with one digital token for every whole share owned, with tokens to become available in the near future. The company plans periodic awards for token holders, including benefits and discounts for Truth Social and the affiliated streaming service Truth+. The announcement coincided with a roughly 5 percent rise in the company's shares. Devin Nunes said the company will utilize Crypto.com's blockchain technology and seek improved regulatory clarity to implement the token distribution. President Donald Trump, the majority shareholder, has advocated reduced regulation and promoted a pro-crypto agenda aimed at making the US a global crypto hub.
Read at www.aljazeera.com
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