Trump Media and Technology Group (TMTG) wrote a letter to shareholders, because the parent company affiliated to Donald Trump, the social truth society, plans to deepen its links with the crypto. In the letter to investors, the company revealed its plans to continue a utility token that can help fuel its wider ecosystem in the financial world today. This change by Trump's media outfit generated a massive conversation on X.
Social token truth: justification
In the shareholder letterThe company has reiterated that the reason for the emergence of social truth is to create an alternative platform without censorship. To complete this, the company told shareholders that it had Truth + operational as a streaming platform for home safety programs.
To create a system to monetize these different platforms, the firm said it was planning to launch a utility token. This, he plans to do in a digital truth portfolio that can be used to pay the TRUTH +subscriptions. Over time, the organization has declared that it would create more use for the token within the social ecosystem of truth.
The whole Trump family is now closely linked to the cryptography ecosystem. Movements that started with Non -budgetary token (NFT) Lancements, the president now has deep links with the world of broader decentralized finances (DEFI). Although the social decision of the truth is criticized, it also aroused the support of supporters of cryptography.
Deepening of the World Liberty Financial mission (WLFI)
The great crypto project supported by the Trump family is World Liberty Financial (WLFI). Beyond the WLFI partnership with Justin Sun and other great supporters of the crypto, it is also known for the Stablecoin USD1.
In particular, the Stablecoin is gaining ground with its market capitalization exceeding the reference in circulation of $ 136 million, according to CoinmarketCap data. Notably, USD1 SIMETURY DWF Labs worth 25 million dollars when the company extended to the United States earlier this month.
Beyond the commitment of stablescoin, the real social truth and the Trump family remain deeply tilted to emerging technologies.
Involvement for DEFI and Crypto regulations
With 100 days in office, President Donald Trump held his campaign promises in the cryptography industry. In recent months, the main regulators of the American market have abandoned legal proceedings against supporters of the cryptographic industry.
In a major pivot, the federal reserve revised its Crypto directives Recently, allow banks to engage in industry. The Federal Deposit Insurance Commission (FDIC) and the WC have also made this important pivot.
In particular, the Trump family can have criticisms to engage with digital currencies. However, the promised regulations have triggered a waiting approach for some optimistic stakeholders.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who are enjoying writing on the actual applications of blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desires to educate people on cryptocurrencies inspire his contributions to the media and sites based on renowned blockchain. Benjamin Godfrey is a lover of sport and agriculture. Follow him X,, Liendin
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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