Trump Media & Technology Group is pulling back from one of its biggest crypto expansion plans less than a year after announcing it.
Summary
- Trump Media, Crypto.com and Yorkville terminated the proposed $6.42 billion CRO treasury combination on Friday.
- Truth Social will market Crypto.com prediction products instead of directly integrating prediction markets into platform.
- The canceled treasury expected $1 billion in CRO plus a $5 billion Yorkville equity line.
- Trump Media is prioritizing its pending TAE merger, which it hopes to close during 2026.
- Separate ETF servicing plans involving Crypto.com were also canceled, while Yorkville’s existing funds remain unchanged.
…
