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Trump Considers Launching New Altcoin: Company Plan Officially Announced! - Coin Bulletin
The company of U.S. President Donald Trump announced in the recently published roadmap that it plans to launch a new cryptocurrency.
Trump Media & Technology Group (TMTG)**, owned by US President Donald Trump, has announced plans to issue a utility token for the social media platform Truth Social. According to the company's letter to shareholders, this token will first be used for Truth+ subscription payments, and will be valid for different products and services in the Truth ecosystem in the future.
Trump Media continues to expand its digital asset-focused plans centered around Truth Social. In January, Trump's directly controlled fintech brand Truth.Fi was officially launched. One of the first steps of this brand was to work with Crypto.com and asset management company Yorkville America Digital to create ETF products that include digital assets and stocks. A trademark registration application was also filed for Truth.Fi last November, covering services such as "digital wallet software".
On the other hand, Trump's relationship with crypto is not limited to utility tokens and ETFs. The eponymous TRUMP meme coin, which was introduced in the past months, attracted a lot of attention in a short time and reached a market cap of 2.6 billion dollars. According to the announcement among token holders, some of the largest investors will also be eligible to attend a private dinner with Trump.
The Trump family and their circle are participating in the crypto world not only through investments but also through direct support. Some family members and advisors are serving as both investors and brand ambassadors for the decentralized finance project World Liberty Financial. Donald Trump's role as the "Chief Crypto Advocate" in this project is noteworthy.
Shares of Trump Media, which owns Truth Social, showed a 0.52% decline in the post-announcement period despite these announcements. However, the clear indication of crypto steps in the company's roadmap for 2025 reveals that Trump is approaching the digital asset ecosystem with a long-term strategy.