Trump’s Truth Social Teases Upcoming Utility Token, Shills ‘Patriot’ Subscription
2025-07-10 04:11:37
Main Idea
Truth Social, founded by Donald Trump, is expanding into cryptocurrency with plans for a Bitcoin ETF and a loyalty rewards program, while facing criticism and regulatory scrutiny.
Key Points
1. Truth Social announced a Bitcoin ETF application submitted to the SEC, managed by Yorkville America Digital, with plans to include Bitcoin, Ethereum, Solana, XRP, and Cronos.
2. The platform introduced a 'Patriot Package' subscription ($9.99/month) offering premium news channels, expanded content, and verification badges, while a free tier provides more channels.
3. Trump Media & Technology Group previously explored a utility token for Truth Social and denied rumors of a meme coin launch, now focusing on the 'Truth Social Crypto Blue Chip ETF'.
4. Donald Trump and his family have been involved in various crypto ventures, including NFTs and meme tokens, with events like a private dinner for TRUMP token holders drawing ethical criticism.
5. The ETF filing and crypto initiatives face regulatory scrutiny, with lawmakers like Sen. Elizabeth Warren and Sen. John Kennedy expressing concerns over oversight and industry influence.
Description
The social platform founded by Donald Trump is rolling out a loyalty rewards system with plans for a utility token.
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