The line between political spectacle and financial experimentation continues to blur. Trump Media is reportedly preparing to launch a digital wallet and utility token - an expansion set to power subscriptions for its upcoming streaming platform, Truth+. Positioned not just as a media product but as a portal into a broader financial ecosystem, the token could eventually stretch across Truth’s growing suite of offerings. There’s also talk of “America-first” financial products under the Truth.fi brand, including bespoke ETFs laced with crypto assets. If executed, this would mark one of the boldest tech-finance fusions spearheaded by a political brand in recent memory.

But as visionaries dream of crypto-powered subscriber funnels and nationalist yield curves, scammers are pulling off something far more grounded - and sinister. Hardware wallet company Ledger is facing a new wave of fraud that trades phishing emails for envelopes. In a disturbing twist, real Ledger owners have reported receiving letters in the mail - complete with official logos and convincing language - urging them to reveal their recovery phrase via a fake “security update” link. The leak of real-world addresses, likely stemming from a past database breach, has armed bad actors with dangerous proximity.

Crypto’s future might be on-chain, but its threats are now arriving in paper envelopes. And as politics, capital, and tech become ever more entangled, the margins between innovation and manipulation keep getting thinner.