The president’s company will unwind an agreement with Crypto.com to create a multibillion-dollar CRO treasury and reportedly not integrate prediction markets onto Truth Social.
US President Donald Trump’s company, the Trump Media and Technology Group (TMTG), is pulling back from a deal with the Crypto.com exchange to instead focus on a merger with energy company TAE.
First reported by Axios on Friday, TMTG interim CEO Kevin McGurn said that the company would pull back from two Crypto.com deals aimed at creating a $6.4 billion CRO treasury and integrating prediction markets into its Truth Social platform. The Trump media company, crypto exchange, and special purpose acquisition company Yorkville Acquisition Corp said “prevailing market conditions and shifting business and stakeholder priorities” led to the dissolution of the treasury deal.
TMTG announced the CRO treasury deal in September 2025, in which President Trump’s company would purchase billions of dollars worth of Crypto.com’s CRO tokens, potentially allowing Truth Social users to receive crypto rewards. The media platform followed with an October announcement that it planned to enable prediction markets under the service Truth Predict.
Read more
Latest News#Donald #Trumps #media #company #terminate #Crypto.com #deal1786139621
