Trump Media terminates agreements with Crypto.com regarding CRO custody and prediction markets

According to a report by Axios on Friday, the Trump Media & Technology Group (TMTG), led by former U.S. President Donald Trump, has decided to terminate two key agreements with the cryptocurrency exchange Crypto.com. The agreements that have been canceled involve the creation of a $6.4 billion (approximately 6.4 billion dollars) CRO token treasury and the integration of the "Truth Predict" prediction market service within the Truth Social platform. The plan to create the CRO treasury was first announced in September 2025, and it involved TMTG purchasing billions of dollars worth of Crypto.com's CRO tokens and providing cryptocurrency rewards to Truth Social users. Subsequently, in October, a plan to integrate the "Truth Predict" prediction market service was also announced. TMTG's interim CEO, Kevin McGurn, explained that this decision to terminate the agreements was not due to concerns about cryptocurrency regulations, but rather due to changes in the competitive environment and shifts in the priorities of stakeholders. TMTG, Crypto.com, and the SPAC Yorkville Acquisition Corp. jointly cited "changes in market conditions and shifts in business and stakeholder priorities" as the reason for the termination. It is reported that TMTG is currently shifting its strategy, abandoning its plans related to Crypto.com and focusing on a merger with the energy company TAE. Meanwhile, former President Trump is facing pressure from a number of lawmakers to include ethical provisions in the cryptocurrency market structure bill to prevent conflicts of interest between the Trump family and investments in digital assets.