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Trump Media pulls back from crypto, scraps Crypto.com's CRO token treasury deal

Trump Media has reportedly withdrawn from a planned deal involving a Crypto.com CRO token treasury strategy. The move signals a retreat from a previously proposed crypto-related initiative, though further details on the decision were…

Krisztian Sandor

Publisher CoinDesk

Aug 7, 2026 at 9:13 PM UTC · 1 Min. Lesezeit

Trump Media pulls back from crypto, scraps Crypto.com's CRO token treasury deal
Image via CoinDesk

Key Signal

$105M CRO purchase by Trump Media

Last Updated

vor 2 Monaten

Übersetzung…

Trump Media (DJT) is unwinding parts of its crypto push, including scrapping plans to establish a publicly traded CRO token accumulation company, which it 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$0.05138 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.

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, Axios reported earlier.

Why this matters

The termination removes a planned public CRO accumulation vehicle and unwinds elements of a high-profile institutional partnership involving Trump Media and Crypto.com. It could signal weaker appetite for token-treasury structures and reduces prospective CRO-related product, ETF servicing and prediction-market integrations.

#crypto#government-policy#regulation

Sourced by

Originally reported by CoinDesk

NewsLayer coverage based on externally reported material.

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