According to Axios, Trump Media and Technology Group is scaling back its crypto business and has jointly decided with CryptoCom and Yorkville Acquisition Corp. to terminate plans for establishing the Trump Media Group CRO Strategy. The project was originally intended to create a publicly listed digital asset reserve company centered around the Cronos blockchain and CRO. The parties involved will also no longer proceed with previously announced service agreements and certain digital asset products. Trump Media is also scaling back plans to directly integrate a prediction market into Truth Social, opting instead to promote CryptoCom's prediction market products to users through marketing partnerships. Interim CEO Kevin McGurn stated that the company will focus on its media business and the proposed merger with fusion energy company TAE. He also noted that the market for digital asset reserve companies has become saturated, and competition in the prediction market space is increasingly intense. https://(wublock123.com)/news/news-66121