Trump Firm to Start New Cryptocurrency for Shareholders (1)

Trump Media and Technology Group Corp. plans to issue a new cryptocurrency, which will be distributed among its shareholders.

The company, which operates President Donald Trump’s Truth Social platform, said the new token will be allocated to investors in a partnership with crypto exchange Crypto.com, according to a statement Wednesday. It is expected to operate on the Cronos blockchain, a network supported by Crypto.com.

The coin is the latest in a string of cryptocurrencies attached to Trump. World Liberty Financial, a decentralized finance project supported by the Trump family, operates the WLFI token and the USD1 stablecoin. ...