Backlash as Trump Media Company Offers Shareholders Crypto Rewards

President Donald Trump has been closely associated with cryptocurrencies which many are happy with, but some think he is taking it too far. The president’s company, Trump Media & Technology Group Corp. (TMTG) has offered to reward shareholders with a new token it plans to launch.

A self-acclaimed ant-scam agent, MASTR shared information on the proposed reward token on X, calling Trump a fraudster. The development has sparked outrage among crypto fans and experts who think the idea is an abuse of Trump’s powers as the president. 

According to MASTR, the company plans to distribute a new crypto token to shareholders in a 1:1 ratio, with one token per share. The token which is scheduled to launch in 2026 is built on Cronos and supported by Crypto.com.

Trump Comes Under Fire

Long before he was sworn in as president of the United States in January 2025, Trump had indicated his support for crypto and later got more involved than initially thought. After his inauguration, he launched the TRUMP memecoin which didn’t do well and has been widely criticized. Two rug pull allegations have already been leveled against the project with the recent $30 million liquidity withdrawal.

The plan to issue tokens to shareholders therefore seems to have sparked a fresh memory of the TRUMP token which crashed over 70% just days after its launch and has not recovered after almost a year, and Trump is being accused of stealing users’ funds.

To many in the crypto space, this plan is a way to encourage the use of cryptocurrencies and investment in some. However, for a president, these allegations may be a bit too serious to ignore. Democrat lawmakers have also criticized his involvement with crypto, even going as far as proposing legislation to stop him. 

Critics Suspect a Rug Pull

With the recent withdrawal of liquidity and a continuous drop in the price of TRUMP, the fear of a rug pull, which is the withdrawal of necessary liquidity from the token has arisen among holders and observers alike. 

However beyond just the TRUMP memecoin, critics may be seeing a potential rug pull on the new token set to be issued to investors as well. If this happens, it would stir a bigger outrage than has ever been seen since Trump got involved with crypto and could drag his name in the mud amore than anything.

More Must-Reads:

• Trump’s Memecoin Plummets as Whale Dumps with Huge Loss
• After CZ, Trump Weighs Pardon for Another Crypto Mogul
• Trump Memecoin Project Hints Mobile Game Launch