Crypto.com and Trump Media Call Off Planned CRO Treasury Deal
Trump Media and Crypto.com have canceled their planned collaboration to create Trump Media Group $CRO Strategy, a digital asset treasury company focused on $CRO.
The companies cited prevailing market conditions and shifting business priorities as reasons for the termination of the proposed deal. The partnership aimed to hold about $1 billion worth of $CRO in its treasury structure.
As a result of the announcement, $CRO dropped more than 4% in value.