Trump Media is making another crypto play.

On Tuesday, Crypto.com and Trump Media & Technology Group, owner of President Donald Trump’s Truth Social social media network, announced their intention “to launch a rewards system on the Truth Social and Truth+ platforms”—using Crypto.com’s digital wallet and Cronos (CRO) digital currency as a utility token.

The move marks yet another example of the president’s ties to the crypto industry, as Trump has created a crypto-friendly regulatory environment during his second term.

The partnership follows the announcement of a $6.4 billion deal to create a new company, Trump Media Group CRO Strategy, via a merger with Yorkville Acquisition Corp, a special-purpose acquisition company (SPAC), that will be listed on the Nasdaq under the “MCGA” symbol.

See Full Page