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The Trump Media & Technology Group (TMTG) — backer of Truth Social — announced a ~$6.4 billion transaction centered on Crypto.com’s CRO token. In partnership with Yorkville Acquisition Corp., a new public company, Trump Media Group CRO Strategy, will be formed to build a CRO treasury as its core asset.
Primary coverage: Financial Times, Reuters, CoinDesk, Barron’s.
Figures above are drawn from multiple outlets; see “Further reading” for the original articles.
The move deepens ties between Trump-affiliated entities and crypto markets, including potential integration of CRO into Truth Social rewards/subscriptions and broader pro-crypto policy positioning.
An incisive report by The Guardian examines the Trump administration’s sweeping deregulation of the cryptocurrency industry—pointing to increased risks of fraud, pump-and-dump schemes, and illicit finance—to the advantage of the Trump family’s expanding crypto interests.
Read the full article on The Guardian
Published: April 14, 2025
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