Is a crisis brewing at Crypto.com?

Crypto.com has terminated plans for a multi-billion dollar digital asset treasury (DAT) stock, it’s slashing rewards for cardholders, top executives have departed, and its proprietary token, CRO, has declined 70% over the past year.

Indeed, Crypto.com, Trump’s publicly traded DJT, and another publicly traded company with a ticker symbol that stood for “Make CRO Great Again” terminated their proposed multi-billion dollar business combination over the weekend.

The proposed DAT stock was supposed to be “the first and largest publicly traded CRO treasury company.” It will not be the first nor largest anymore.

In preparation for the ultimately unsuccessful business combination, it had even switched its ticker symbol from YORK to MCGA, an obvious play on Trump’s MAGA acronym.

Kris Marszalek, Crypto.com’s CEO, forecasted MCGA would have become the world’s largest CRO holder, would have somehow exceeded the market capitalization of CRO itself, and would have kept its CRO purchases “forever.”

None of those forecasts came true.

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