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Crypto

Trump Media Scales Down Cryptocurrency Venture with Crypto.com

2026/08/08 18:42(Updated 2026/08/09 10:43)

CoinPost

Written by L.Kikutani

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Trump Media Scales Down Cryptocurrency Venture with Crypto.com

Scaling Down Cryptocurrency Operations

Scaling Down Cryptocurrency Operations

Trump Media & Technology Group (TMTG), which operates Truth Social, has withdrawn its plans to establish a CRO asset management company with Crypto.com and the special purpose acquisition company (SPAC), Yorkville Acquisition Corp. This was reported exclusively by Axios on the 7th.

On the same day, the three companies announced that due to 'changes in market conditions and shifts in business priorities,' they have decided to abandon the joint establishment of the asset management company...

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