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International Business Times
International Business Times
Business
Marvie Basilan

Trump's Media Company Mulls Utility Crypto Token, Digital Wallet For Truth Social

Truth Social Crypto Truth Donald Trump TMTG Bitcoin
Donald Trump's media company wants to go deeper into the crypto space. (Credit: Joe Raedle/Getty Images)

KEY POINTS

  • TMTG said it is exploring the possibility of a 'utility token within a Truth digital wallet'
  • Details are scarce about the said crypto token and which crypto team or firm will develop the wallet
  • Many crypto users on X urged the president to refrain from launching another crypto token
  • $TRUMP prices plunged as news of TMTG's plans spread across social media

U.S. President Donald Trump's media company, Trump Media and Technology Group (TMTG), informed shareholders Tuesday that it is exploring the possibility of launching a dedicated cryptocurrency token for Truth Social and a new digital wallet.

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