In short
- Truth Social introduces a utility to the TV subscription to the Patriot package.
- It will also reward users for loyalty by “gems”.
- Legislers are increasingly investigating presidential profitable of crypto companies.
Truth Social, the social media platform founded by US President Donald Trump, has indicated that it will launch a utility as part of the new Loyalty Rewards program that is linked to the Patriot package subscription plan.
“In the near future, Patriot package subscribers will collect gems on their social accounts based on their level of involvement in the platforms. said.
The Patriot package, currently in public beta, costs $ 9.99 per month and offers access to 12 “Premium, non-chilling news channels”, extensive video-to-demand content, a Red Verification-Vinkje about Truth Social and A Truth+ Badge.
Strangely enough, a separate free Tier 27 channels-15 offers more than the paid version inclusive Euronews and a chip steel station.
This is not the first time that the parent company of Truth Social, Trump Media & Technology Group has driven crypto-related plans.
In April, it told Shareholders investigated a utility token for a truth digital wallet that could initially be used to pay for truth+ subscriptions and later for other services in the truth ecosystem. In May, the refused Rumors would launch a truth of social meme coin.
And this week, it submitted A registration statement with the Securities and Exchange Commission for a new “Truth Social Crypto Blue Chip ETF”, including Activa such as Bitcoin, Ethereum, Solana, XRP and Cronos.
The crypto ambitions of Truth Social mark the newest in a broader trend of Trump-connected companies that embrace digital assets.
Trump and his wife, Melania, have promoted various NFT collections and meme -tokens in recent years. In May, Trump hosted Top holders of the Trump token during a private dinner and reception, creating the play of ethical watchdogs.
Advocacy Group Accountable.us has indicated “the most nude corrupt self -acquiring schedule in US Presidential History”.
The Trump family is also associated With crypto companies, including World Liberty Financial and American Bitcoin.
Legislers, including Senator Elizabeth Warren (D-Ma), have called for stronger laws to prevent sitting presidents and their families from generating income. Nevertheless, the legislative progress has been slow.
Even some Republicans have pronounced to assure. During a hearing from the Senate Bank Committee on Wednesday, Senator John Kennedy (R-LA) wondered why the crypto industry seemed to make its own legislation, and noticed that the proposed market structure would considerably weaken supervision.
“To what extent do we have to allow you to set up [these rules]? … I heard … some of you say that digital assets represent the next generation of the internet, “said Kennedy, speaking with a panel of crypto leaders, including Ripple CEO Brad Garlinghouse.
“Well, we let the current generation of the internet correct their own rules, and to be honest, what we have received as a result, it seems that someone has hit a urine test.”
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