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Trump’s Crypto Plans Shelve Big Deals | Bitcoin and Crypto News
Description
Trump’s media company TMTG is pulling out of major crypto deals, including a $6.4 billion treasury with Crypto.com and a prediction market for Truth Social — citing shifting market conditions and priorities. Originally announced last fall, these projects aimed to reward users with crypto and introduce “Truth Predict.” Interim CEO Kevin McGurn denies regulatory pressure as the reason, pointing instead to competitive dynamics. With crypto ventures on hold, TMTG is now pivoting toward a merger with energy firm TAE — signaling a strategic shift away from digital assets for now.
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