Trump Media and Technology Group terminated two deals with Crypto.com, walking away from a $6.4 billion CRO token treasury and a prediction market integration that was set to run inside Truth Social.
TMTG, Crypto.com and special purpose acquisition company Yorkville Acquisition Corp mutually agreed to dissolve the arrangements. TMTG interim CEO Kevin McGurn cited "prevailing market conditions and shifting business and stakeholder priorities" as reasons for the termination.
The CRO treasury deal, first announced in Sept. 2025, had TMTG acquiring billions of dollars worth of Crypto.com's native token so Truth Social users could earn crypto rewards. The second deal, announced in Oct. 2025, was Truth Predict—a prediction market service built directly into Truth Social.
TMTG is now pursuing a merger with energy company TAE instead.
McGurn said competitive dynamics, not regulatory concerns, drove the decision. That distinction matters given the scrutiny Donald Trump, the president, faces from lawmakers over his family's digital asset holdings.
Those lawmakers are pushing ethics provisions into proposed crypto market structure legislation, including the CLARITY Act, aimed at eliminating conflicts of interest in regulatory oversight tied to the Trump family's crypto positions. Reports indicate such provisions could generate millions of dollars in tax savings for Trump—adding a financial dimension to the legislative fight.
For CRO, the collapse of the treasury deal removes a substantial demand source. TMTG was set to absorb billions of tokens from circulation; that bid is now gone. The Truth Predict cancellation also pulls a high-profile distribution channel away from prediction market protocols chasing mainstream adoption.
