The Trump Media and Technology Group is terminating its deal with Crypto.com to create a CRO treasury, citing market conditions and business priorities. The company will instead focus on a merger with energy firm TAE.
The Trump Media and Technology Group (TMTG) will unwind its agreement with Crypto.com to establish a multibillion-dollar CRO treasury. TMTG interim CEO Kevin McGurn stated that the decision was influenced by 'prevailing market conditions and shifting business and stakeholder priorities.' The deal, announced in September 2025, aimed to allow Truth Social users to receive crypto rewards through the purchase of Crypto.com’s CRO tokens.