Trump Media & Technology Group and Crypto.com have terminated plans for a $6.42 billion digital-asset treasury venture, amid growing Washington scrutiny over the president's family crypto businesses and stalled regulatory legislation.
Trump Media, Crypto.com ve Yorkville ile planlanan CRO hazine girişimini ve Truth Social tahmin piyasası entegrasyonunu iptal ederek temel medya faaliyetlerine odaklanma kararı aldı.
Truth Social's Bitcoin ETF has withdrawn its S-1 filing, signaling a shift from plain spot BTC exposure to more complex ETF structures under the Investment Company Act of 1940. The move is attributed to the intense fee war in the crypto ETF market, making it difficult for late entrants to compete with established players like BlackRock and Morgan Stanley.
Asset manager Yorkville America has withdrawn multiple crypto ETF applications for Truth Social, citing a shift to '40 Act structures for stronger investor protections and tax efficiencies. The move comes amid cooling demand for crypto ETFs and concerns over Trump's ties to the industry.
