Truth Social’s parent company, Trump Media and Technology Group, is pulling back from two Crypto.com deals as new leadership refocuses the tech firm around its media arm and pending merger with fusion energy company TAE, interim CEO Kevin McGurn told Axios.

Ending the CRO venture

On Friday, Trump Media, Crypto.com, and Yorkville Acquisition Corp. mutually agreed to terminate plans for Trump Media Group CRO Strategy.

The companies cited “prevailing market conditions and shifting business and stakeholder priorities.”

The proposed venture would have licensed the Trump Media name for a company built around Crypto.com’s Cronos blockchain and its CRO token.

When announced last year, the companies…