Crypto.com to Cover X Blue Checks in Free Speech Move

Crypto.com steps up to cover X subscriptions in a show of support for Elon Musk’s push for free speech in the wake of Trump’s election victory.

Kris Marszalek posing for a picture with a raised eyebrow in Gangnam, South Korea.
Created by Gabor Kovacs from DailyCoin
  • Trump decisively won the US election race.
  • Elon Musk was a pivotal figure in Trump‘s election campaign.
  • Crypto.com boss extends an offer in support of free speech on X.

Donald Trump clinched a sweeping victory in this week’s US election, securing 295 electoral votes over Kamala Harris’ 226. Some Trump supporters credit part of his success to X, which enabled open discourse and Trump content to circulate freely.

In recognition of this, Crypto.com CEO Kris Marszalek voiced support for X, and its commitment to free speech, by offering users a reimbursement on X subscription costs.

Crypto.com Supports Free Speech

Marszalek rallied Crypto.com’s support behind Elon Musk’s free speech vision for X by announcing a special deal for new and existing users. With this offer, Crypto.com will cover the cost of users’ blue check marks when purchased using a Crypto.com card.

The blue check mark signifies an account’s authenticity and integrity, requiring a premium subscription to maintain. In exchange, verified users enjoy fewer ads and access to X’s revenue-sharing model.

Marszalek confirmed that new Crypto.com users could receive a year of reimbursement for their checkmark subscription while existing users will get one month reimbursed through the deal.

Musk to Take Government Role?

Musk played a central role in Trump’s election campaign, advocating fiercely on his behalf and making a substantial $119 million donation.

In September, Musk introduced the idea of a “government efficiency commission,” aimed at auditing the federal government to cut costs and ensure taxpayers get value for their money, which received Trump’s full endorsement.

With Trump set to take office once more, speculation is growing that Musk could take on a government role, leading the charge against fraud and wasteful government spending.

On the Flipside

  • Twitter banned Trump‘s account in January 2021 over claims he incited violence.
  • Since Musk’s takeover of Twitter, the company has positioned itself as a free speech platform and the antithesis of legacy media. 
  • Crypto.com filed a lawsuit against the US SEC in October, having received a Wells Notice from the agency.

Why This Matters

This move by Crypto.com underscores the growing influence of tech leaders in shaping the future of free speech and social media discourse.

Polish regulator warns about Crypto.com operator Foris.
Crypto.com Operator Added to Warning List for Unlicensed Trading in Poland

Cardano users question MELD’s sudden closure.
Ex-Cardano Project MELD Closes Amid Suspicious Circumstances

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?
Market Sentiment
0% Neutral

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Samuel Wan

Samuel Wan is a reporter at DailyCoin covering market affairs. Samuel's has holdings in Bitcoin and Cardano, with other minor holdings across the market.

Read more

Subscribe here