TMTG Abandons Crypto.com Deals Amid Shifting Priorities

The Trump Media and Technology Group (TMTG) has announced that it will be terminating its deal with Crypto.com to focus on merging with energy company TAE. The decision comes after the company, led by interim CEO Kevin McGurn, pulled back from two deals aimed at creating a $6.4 billion CRO treasury and integrating prediction markets into its Truth Social platform.

The CRO treasury deal was announced in September 2025, with President Trump's company set to purchase billions of dollars worth of Crypto.com's CRO tokens. This would have allowed Truth Social users to receive crypto rewards. The decision to roll back the deals was reportedly driven by competitive dynamics rather than regulatory concerns surrounding the administration regulating the crypto industry.

The move has been met with scrutiny from lawmakers who are calling for ethics provisions in a crypto market structure bill to eliminate conflicts of interest between the Trump family and its digital asset investments. The proposed CLARITY ethics deal could potentially save the Trumps millions in taxes, according to Bloomberg.