Trump Media pulls back from crypto, scraps Crypto.com's CRO token treasury deal

Neutral-54.55%
7 Aug, 21:13
Source: CoinDesk

AI Summary

Trump Media is abandoning its crypto treasury strategy and scrapping a CRO token deal to refocus on media and a fusion energy merger, signaling reduced corporate crypto adoption momentum.

The Truth Social parent company is refocusing on media and its pending merger with a fusion energy firm, as the digital asset treasury boom has lost its steam.