Trump Media & Technology Group, the media company controlled by U.S. President Donald Trump, has terminated a CRO treasury company plan supported by Crypto.com and abandoned broader digital-asset cooperation with the exchange. The termination covers related service agreements and digital-asset product plans involving Trump Media, Crypto.com, and Yorkville Acquisition Corp. The three companies said the decision was driven by the current market environment and changes in business and stakeholder priorities. The existing Truth Social Funds ETF will remain unchanged. Trump Media will no longer pursue direct integration of prediction markets into Truth Social; instead, the company will direct users to Crypto.com's prediction-market products through marketing partnerships. Interim CEO Kevin McGurn noted that competition in the digital-asset treasury market intensified over the past year and prediction-market services have also become crowded, prompting the company to scale back related efforts and transition toward a distribution and data partnership role.
Trump Media & Technology Group, the company controlled by U.S. President Donald Trump, has terminated a Crypto.com-backed CRO treasury company plan and dropped broader digital-asset cooperation with the exchange.
The three parties — Trump Media, Crypto.com and Yorkville Acquisition Corp. — agreed to terminate the service agreements and digital-asset product plans. They cited the current market environment and shifts in business and stakeholder priorities as reasons for the move.
The existing Truth Social Funds ETF will remain unchanged. Trump Media will also abandon plans to directly integrate prediction markets into Truth Social, opting instead to promote Crypto.com's prediction-market products to users through marketing partnerships.
Kevin McGurn, interim CEO of Trump Media, said the digital-asset treasury company market has seen intensifying competition over the past year, and the prediction-market business has also become crowded. As a result, the company will scale back its involvement and move toward a distribution and data-partner role.
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