Deep潮 TechFlow news, August 8th, according to Cointelegraph, Trump Media & Technology Group (TMTG) announced the termination of two cooperation agreements with crypto exchange Crypto.com, including the creation of a $6.4 billion CRO token treasury and the integration of prediction market feature Truth Predict on the Truth Social platform.
TMTG interim CEO Kevin McGann stated that “changes in market conditions and shifts in stakeholder priorities” were the main reasons for terminating the deals, and the company will instead advance its merger with energy company TAE. This decision is more driven by competitive dynamics considerations, but the Trump family’s digital asset investments still face scrutiny under congressional ethics clauses, requiring the elimination of potential conflicts of interest.
