Trump Media and Technology Group (TMTG), the media company led by US President Donald Trump, is pulling back from its agreements with cryptocurrency exchange Crypto.com to focus on a merger with energy company TAE.

The development was first reported by Axios on Friday. TMTG interim CEO Kevin McGurn stated that the company would withdraw from two Crypto.com deals — one aimed at creating a $6.4 billion CRO token treasury and another focused on integrating prediction markets into the Truth Social platform.

TMTG, Crypto.com, and special purpose acquisition company Yorkville Acquisition Corp jointly attributed the dissolution of the treasury deal to "prevailing market conditions and shifting business and stakeholder priorities." Crypto.com confirmed the update in a company news post.

TMTG initially announced the CRO treasury deal in September 2025, under which the President's company would purchase billions of dollars worth of Crypto.com's native CRO tokens. The arrangement was expected to allow Truth Social users to earn cryptocurrency rewards and was part of a broader wave of public companies exploring digital asset treasuries, a strategy popularized by firms such as MicroStrategy. In October 2025, the media platform followed up with plans to launch prediction markets under a service called Truth Predict, entering a space that had drawn growing mainstream attention through platforms like Polymarket.

CRO is the native utility token of the Crypto.org Chain and is widely used across the Crypto.com ecosystem for trading fee discounts, staking rewards, and card benefits.

According to McGurn, the decision to roll back the deals was driven primarily by competitive dynamics rather than regulatory concerns related to the administration's oversight of the cryptocurrency industry. The pullback also signals TMTG's sharpening focus on its planned merger with TAE, a California-based company developing fusion power technology, marking a notable strategic expansion beyond the firm's core media and digital asset businesses.

The announcement comes amid continued scrutiny from lawmakers who have called for ethics provisions in pending crypto market structure legislation. These provisions are intended to address potential conflicts of interest between the Trump family's digital asset investments — which span multiple ventures — and the President's policy role.

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