Former US President Donald Trump is once again riding the wave of hype — his media company Trump Media and Technology Group has announced the launch of its own cryptocurrency. The token will be integrated into the video streaming platform Truth+, which intends to compete with Twitch. Payments for subscriptions, using the services of the social network Truth Social, and even participating in the Truth.Fi ecosystem will be possible using the new digital assets.
Everything would sound like a progressive idea if it weren't for one 'but': Trump is still a political figure, and his business activities are increasingly raising questions about conflicts of interest. Let's remember the launch of the meme coin Official Trump just two days before the inauguration — it soared by 42% after the promise of a dinner with 220 investors. Now the token's market capitalization has exceeded $2.6 billion.
Crypto traders are arguing: where does entrepreneurship end and market manipulation begin? Investors rejoice in profits, while critics are increasingly saying: the Oval Office is not a startup incubator.
Write in the comments: would you invest in Trump's token or would you steer clear of such projects?