The president’s firm will unwind an settlement with Crypto.com to create a multibillion-dollar CRO treasury and reportedly not combine prediction markets onto Fact Social.
US President Donald Trump’s firm, the Trump Media and Know-how Group (TMTG), is pulling again from a cope with the Crypto.com trade to as a substitute deal with a merger with power firm TAE.
First reported by Axios on Friday, TMTG interim CEO Kevin McGurn mentioned that the corporate would pull again from two Crypto.com offers geared toward making a $6.4 billion CRO treasury and integrating prediction markets into its Fact Social platform. The Trump media firm, crypto trade, and particular goal acquisition firm Yorkville Acquisition Corp mentioned “prevailing market circumstances and shifting enterprise and stakeholder priorities” led to the dissolution of the treasury deal.
TMTG introduced the CRO treasury deal in September 2025, wherein President Trump’s firm would buy billions of {dollars} value of Crypto.com’s CRO tokens, doubtlessly permitting Fact Social customers to obtain crypto rewards. The media platform adopted with an October announcement that it deliberate to allow prediction markets below the service Fact Predict.
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