TMTG Abandons CRO Treasury Plan Amid Market Shifts
The Trump Media & Technology Group (TMTG) has decided to drop its plans for a CRO Treasury Plan, in partnership with Crypto.com and Yorkville Acquisition Corp.
The parties mutually agreed to terminate the venture due to changing market conditions and shifting business priorities, according to interim TMTG CEO Kevin McGurn.
As reported by Axios, McGurn stated that the decision was made due to 'prevailing market conditions and shifting business and stakeholder priorities.'
The CRO token experienced a decline in price following the announcement, with CoinGecko displaying live market data on its Cronos page.