Wed Dec 31 20:38:37 UTC 2025: Here’s a summary and a rewritten news article:

Summary:

Trump Media, majority-owned by former President Donald Trump, is partnering with Crypto.com to offer shareholders digital tokens for each share they own. This move, announced alongside a jump in Trump Media’s stock price, is the latest indication of Trump’s strong support for cryptocurrency during his second term. Trump has actively worked to reduce regulations on crypto, aiming to make the US a “crypto capital.” Critics express concern about the risks associated with unregulated crypto markets, while Trump benefits from the industry’s support. This announcement builds upon existing partnerships between Trump Media and Crypto.com, including treasury arrangements and a market prediction platform, and raises concerns about conflicts of interest. Trump Media has been seeking new ventures, including a merger with a fusion energy company, as its social media platform, Truth Social, struggles to gain traction.

News Article:

Trump Media Dives Deeper into Crypto with Token Distribution Plan

New York, NY – Trump Media & Technology Group, the company behind social media platform Truth Social and majority-owned by former President Donald Trump, has announced a partnership with cryptocurrency exchange Crypto.com to distribute digital tokens to its shareholders. The announcement, made Wednesday, sparked a 5% jump in Trump Media’s stock price.

Under the plan, shareholders will receive one digital token for each share they own. The company stated the tokens would be available “in the near future” and would provide access to various “benefits and discounts” related to Truth Social and its streaming platform, Truth+.

The move underscores President Trump’s strong advocacy for cryptocurrency, a stance he has actively promoted during his second term. He has described himself as a “crypto president” and rolled back regulations he believes hampered the industry’s growth, aiming to make the US the “crypto capital of the world.”

“We look forward to utilizing Crypto.com’s blockchain technology and improving regulatory clarity to implement this first-of-its kind token distribution,” Trump Media CEO Devin Nunes said.

This is not the first collaboration between Trump Media and Crypto.com. Previous partnerships include Trump Media acting as a treasury for Crypto.com’s digital currency Cronos, and a joint venture to create the Truth Predict market prediction platform.

While proponents see this as a positive step for cryptocurrency adoption, critics raise concerns about the lack of regulation in the crypto market and potential conflicts of interest, given Trump’s personal stake in Trump Media’s success and the industry’s financial support for his political endeavors. Financial watchdogs warn of the volatility associated with largely unregulated cryptocurrency investments and the potential for significant losses to consumers.

The announcement comes as Trump Media seeks to diversify its business beyond Truth Social, which has struggled to compete with larger social media platforms, and its planned merger with fusion energy company TAE Technologies.

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