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Donald Trump’s Media Company to Terminate Crypto.com Deal
Trump Media said the digital asset treasury market has become saturated as CRO fell as much as 5%, according to market data.
- On Friday, Trump Media, Crypto.com, and Yorkville Acquisition mutually terminated plans for the Trump Media Group CRO Strategy, citing prevailing market conditions and shifting business priorities.
- Interim CEO Kevin McGurn told Axios the digital asset treasury market has become saturated, forcing the company to pivot toward media, data licensing, and completing its proposed merger with fusion-energy firm TAE.
- Trump Media is also walking away from a partnership for Crypto.com-serviced ETFs from Yorkville America and scrapping plans to build prediction markets directly into Truth Social.
- CRO fell as much as 5% following the announcement, while the company moved 2,628 BTC worth about $165 million to addresses associated with Crypto.com earlier this week.
- The retreat coincides with the CLARITY Act stalling in Washington amid debate over ethics and conflicts tied to President Donald Trump's crypto ventures, as Trump Media unwinds its $105 million CRO purchase from September 2025.
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11 Articles
Trump Media and Technology Group withdraws from two Crypto.com deals and drops plans for a prediction market on Truth Social.
Trump Media, Crypto.com and Yorkville abandon their listed company project dedicated to the accumulation of CRO, citing market conditions and new strategic priorities. This shift, which also affects several other aspects of their partnership, immediately weighed on the price of the token of the Cronos ecosystem. The Trump Media article burys its deal with Crypto.com and its token CRO appeared first on Cryptoast.
Coverage Details
Total News Sources11
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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