Donald Trump’s Media Company to Terminate Crypto.com Deal
The Trump Media and Technology Group and Crypto.com will terminate a deal to create a CRO treasury company, citing “prevailing market conditions“ and business priorities.
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The Trump Media and Technology Group and Crypto.com will terminate a deal to create a CRO treasury company, citing “prevailing market conditions“ and business priorities.
Donald Trump’s Media Company to Terminate Crypto.com Deal
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Written by
Turner Wright
staff writer
Reviewed by
Sam Bourgi
staff writer
Written by
Turner Wright
staff writer
Reviewed by
Sam Bourgi
staff writer
Donald Trump’s media company to terminate Crypto.com deal
Latest News
Published
Aug 7, 2026
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.
McGurn reportedly said that the decision to roll back the deals was driven more by competitive dynamics rather than regulatory concerns surrounding the administration regulating the crypto industry. The US president continues to face scrutiny from many lawmakers calling for ethics provision in a crypto market structure bill to eliminate conflicts of interest between the Trump family and its digital asset investments.
Related:
Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg
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Original YayaNews editorial coverage, published for informational purposes.
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