Wu Blockchain (@WuBlockchain): Trump Media Pulls Back From Crypto, Scraps CRO Treasury Venture and Scales Down Prediction Market Plans
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Trump Media Pulls Back From Crypto, Scraps CRO Treasury Venture and Scales Down Prediction Market Plans Axios reported that Trump Media and Technology Group is scaling back its crypto ambitions, terminating a planned CRO-focused digital asset treasury venture with CryptoCom and Yorkville Acquisition Corp. and abandoning related services and digital asset products. The company is also dropping plans to integrate prediction markets directly into Truth Social, opting instead to market CryptoCom’s prediction products to its users. Interim CEO Kevin McGurn said Trump Media is refocusing on its media business and its pending merger with fusion energy company TAE, citing a saturated digital asset treasury market and intensifying competition in prediction markets.