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 Muskโ€™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 weekโ€™s US election, securing 295 electoral votes over Kamala Harrisโ€™ 226. Some Trump supporters credit part of his success to X, which enabled open discourse and Trump content to circulate freely.

Sponsored

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.comโ€™s support behind Elon Muskโ€™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 accountโ€™s authenticity and integrity, requiring a premium subscription to maintain. In exchange, verified users enjoy fewer ads and access to Xโ€™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 Trumpโ€™s election campaign, advocating fiercely on his behalf and making a substantial $119 million donation.

In September, Musk introduced the idea of a โ€œgovernment efficiency commission,โ€ aimed at auditing the federal government to cut costs and ensure taxpayers get value for their money, which received Trumpโ€™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 Muskโ€™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.

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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.

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