Trump Media & Technology Group, Crypto.com, and Yorkville Acquisition Corp. mutually agreed on August 7, 2026, to terminate their proposed $6.42 billion digital-asset treasury venture.
President Donald Trump reported earning more than $1.4 billion of income from his family's crypto ventures last year, including nearly $800 million from World Liberty Financial and $635 million from meme coin sales.
Senate negotiations over the Digital Asset Market Clarity Act remain stalled as lawmakers debate ethics provisions that could require President Donald Trump to divest his crypto-related businesses.
The canceled $6.42 billion venture, announced on August 26, 2025, was structured to include $1 billion in CRO tokens, $200 million in cash, $220 million from warrants, and a $5 billion equity credit line.
The Trump family has generated at least $2.3 billion from cryptocurrency-related projects since Donald Trump returned to the White House in 2025.
Ethics specialists questioned the Crypto.com venture because Trump Media stood to gain ownership in a project largely funded by Crypto.com and Yorkville while the Trump administration regulated digital assets.
President Donald Trump stated to Punchbowl News that he would not oppose placing his digital assets into a blind trust, letting his children run the interests.
Trump Media & Technology Group is redirecting its corporate focus toward its core media operations and its pending all-stock merger with fusion-energy firm TAE Technologies.
Trump Media & Technology Group and Crypto.com scaled back their Truth Predict integration, shifting from direct platform integration to marketing Crypto.com prediction products to Truth Social users.
Crypto.com donated $1 million to Donald Trump's inauguration and $10 million to the pro-Trump super PAC MAGA Inc. before the Securities and Exchange Commission closed its investigation into the exchange in March 2025.
Trump Media interim Chief Executive Officer Kevin McGurn stated that the decision to cancel the venture was driven by saturated digital-asset treasury competition rather than regulatory concerns.
The White House and a spokesperson rejected allegations of conflicts of interest, stating that the administration's crypto policies were designed to advance United States leadership in digital assets.
Crypto.com Chief Executive Officer Kris Marszalek stated that moving forward with the digital-asset treasury venture and proposed ETFs did not make sense under current market conditions.
Trump Media & Technology Group signed its merger agreement with TAE Technologies on December 18, 2025, in an all-stock transaction valuing the combined company at more than $6 billion.
The United States House of Representatives passed H.R. 3633, which establishes jurisdictional rules for digital commodities, by a 294-134 vote on July 17, 2025, before referring it to the Senate Banking Committee.
Following the cancellation of the treasury venture, the value of Crypto.com's Cronos (CRO) token fell 6% to $0.05009, marking its lowest price level since 2023.
