The Trump Media and Technology Group has partnered with Crypto.com to award its shareholders digital tokens, causing a 5% rise in its shares. Each shareholder will receive one token for every share owned, with additional benefits related to Trump’s social media platform, Truth Social. Trump, a proponent of cryptocurrency, aims to position the U.S. as the “crypto capital of the world,” while also facing criticism over regulatory concerns in the industry. This partnership follows previous collaborations between the two companies, emphasizing their growing relationship.
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