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Story summary
- U.S. President Donald Trump, Trump Media's majority shareholder, announced a Crypto.com token award for shareholders, coinciding with a 5% rise in Trump Media's shares.
- He has styled himself a 'crypto president' who argues regulations were imposed by President Joe Biden.
- Trump's administration has promoted cryptocurrency, including a strategic reserve of Bitcoin, drawing critics warning of consumer risks.
- Trump Media struggles with Truth Social, which has 6 million users.
