Trump Media and Technology Group said on Wednesday it will distribute a new digital token to its shareholders, deepening its push into digital assets as policy support for cryptocurrencies builds in Washington.
Shares of the company linked to U.S. President Donald Trump, which operates his social media platform Truth Social, were last up 5% in early trading.
Cryptocurrencies have become a recurring feature of the family’s business empire, with critics pointing to potential conflicts of interest given Trump’s pledge to make the U.S. the "crypto capital of the planet."
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