Truth Social’s Crypto Dream Is Over as Trump Media Eyes Energy Instead
TLDR
- Trump Media and Crypto.com have mutually terminated plans for a publicly traded CRO token accumulation company
- The deal was scrapped due to market conditions and shifting business priorities
- Trump Media is also walking away from Crypto.com-powered prediction markets on Truth Social
- The company is refocusing on media, data licensing, and a merger with fusion energy firm TAE
- CRO token fell as much as 5% following the announcement
Trump Media and Technology Group has pulled back from two major deals with crypto exchange Crypto.com, scrapping plans for a CRO token treasury company and prediction markets on its Truth Social platform.
🚨JUST IN: Trump Media unwinds its CRO treasury deal with Crypto dot com.
The venture was set to become the "first and largest publicly traded CRO treasury company."
Interim CEO Kevin McGurn says the decision was driven by market saturation, not regulatory concerns, despite… pic.twitter.com/zHCnZDfAKs
- Coin Bureau (@coinbureau) August 7, 2026
The two companies, along with special purpose acquisition company Yorkville Acquisition, mutually agreed to terminate the Trump Media Group CRO Strategy venture. They cited “prevailing market conditions and shifting business and stakeholder priorities” as the reason.
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