Trump Media (DJT) is unwinding parts of its crypto push, scrapping plans to establish a publicly traded CRO token accumulation company that it had unveiled near the height of last year's digital asset treasury boom.
Trump Media, Crypto.com and special purpose acquisition company Yorkville Acquisition mutually terminated plans for Trump Media Group CRO Strategy, the firms said Friday, citing "prevailing market conditions, and shifting business and stakeholder priorities."
The proposed venture would have created a publicly traded company focused on accumulating the native token of Cronos, CRO, and earning additional returns by staking those holdings. Trump Media itself bought $105 million of CRO in September 2025 as part of a broader partnership with Crypto.com that included plans to integrate token rewards into its products. CRO fell as much as 5% following the news.
Additional agreements dropped
- The companies are also walking away from a separate partnership under which Crypto.com would have serviced certain planned exchange-traded funds (ETFs) from Yorkville America.
- Trump Media is also scaling back plans to build Crypto.com-powered prediction markets directly into Truth Social, as reported earlier by Axios.
