Trump Media and Technology Group is scaling back parts of its crypto strategy as the company shifts its focus toward media, data licensing, and other business ventures.

According to an Axios report, Trump Media is no longer moving forward with two planned projects involving Crypto.com: a digital asset treasury venture centered on Cronos (CRO) and a prediction market planned for Truth Social.

The decision comes as the digital asset treasury sector becomes increasingly crowded and crypto prices remain below their recent highs.

Trump Media Drops CRO Treasury Plan

Trump Media, the parent company of Truth Social, had previously announced plans to work with Crypto.com and special purpose acquisition company Yorkville Acquisition Corp. on a…