Trump Media & Technology Group is preparing to end its partnership with the crypto exchange Crypto.com, walking away from plans to build a multibillion-dollar treasury tied to the exchange's CRO token, according to reports.
Deal Unwinds
The company behind President Donald Trump's Truth Social platform is reportedly moving to terminate an agreement it had struck with Crypto.com. That arrangement was designed to establish a corporate treasury holding several billion dollars' worth of Cronos (CRO), the native token associated with the exchange.
The reversal marks a notable retreat from what had been positioned as an ambitious crypto venture linking the president's media business with one of the industry's larger trading platforms. Treasury strategies built around holding specific digital tokens have become increasingly common among public companies chasing crypto exposure, but they also carry significant volatility risk.
A high-profile crypto partnership tied to the president's media company is now headed for the exit.
Prediction Markets Scrapped
Beyond the treasury plan, Trump Media reportedly will not move forward with integrating prediction markets into Truth Social. That feature would have allowed users of the platform to wager on the outcomes of real-world events, a sector that has drawn heavy attention across the crypto space over the past year.
Prediction markets have surged in popularity, particularly around elections and other newsworthy events, and several major platforms have explored ways to embed such functionality into social media and trading apps. The decision to abandon the integration removes Truth Social from that competitive push, at least for now.
Key elements of the unwinding reportedly include:
- Ending the agreement to create a large CRO-based treasury
- Dropping plans to add prediction markets to Truth Social
The developments underscore the uncertain footing of high-profile crypto tie-ins involving politically connected companies, where reputational, regulatory, and market pressures can complicate even well-publicized deals.