The USA President Donald Trump’s company Trump Media & Era Team’s CEO Devin Nunes shared the company’s future plans in the publication issued to the shareholders of the company. These include the new streaming service reality+, a Virtue Token and Virtual Pockets Launching. Devin Nunes has stated that this Virtue Token is currently for Reality+ Services and over time is planned to launch it on the entire Reality EcoSystem.
Will the new token be based on blockchain?
Although it has not been clarified whether this token will be based on blockchain or not, the use of words like Virtue Token and Virtual Pockets indicates that it will only use Crypto technology.
This company of Donald Trump was public in March 2024 and has been in discussion since then. The company’s main product Reality Social is a social media platform. The market value of this company is currently around $ 5.5 billion.
Trump and Crypto: A positive partnership
This is not the first time that the name of the company of Donald Trump is associated with Cryptocurrency. Recently the company has launched a Fintech Branch Reality.Fi. The purpose of which is to invest in Bitcoin and Crypto ETF, for this Trump Media compromised with Crypto.com Is.
Apart from this, Donald Trump has also been active in crypto space as well. He has also launched NFT, Meme Coin, Bitcoin Mining Company, Defi App (International Self Government Monetary), Stablecoin and Trum Theme Real Estate Video Games.
Donald Trump government’s stand on crypto
Donald Trump introduced himself as the first “crypto president” of the USA during the election campaign. Since forming the government, the Trump government has put cases related to crypto in its priority list. His team’s attitude is now clearly seen pro-crypto. At the beginning of its tenure Donald Trump ordered to create Strategic Bitcoin Retain Was. The Trump administration is also working to create better regulation for StableCoin regulation and digital asset industry.
Conclusion
This new crypto-focused vision by Donald Trump’s company Trump Media & Era Team shows that the distance between US politics and technology is now decreasing rapidly. Steps such as Virtue Token and Virtual Pockets are not just a media company, but are towards setting up as a full-fledged take-fintech player. If these schemes are applied to the correct regulatory framework, it can also become the face of Crypto Innovation in the coming time.
