In brief
- Trump Media has ended plans for a Crypto.com-backed CRO treasury company.
- The companies also scrapped a broader digital asset deal and scaled back prediction market plans.
- Existing Truth Social Funds ETFs will continue unchanged.
President Donald Trump’s Trump Media & Technology Group has scrapped plans to launch a Crypto.com-backed CRO treasury company and abandoned a broader digital asset deal with the company.
According to a report by Axios, Trump Media, Crypto.com, and special purpose acquisition company Yorkville Acquisition Corp. have mutually agreed to terminate the proposed Trump Media Group CRO Strategy, a previously announced services agreement, and related digital asset products.
The companies cited “prevailing…
