{"id":17039,"date":"2025-12-01T22:16:00","date_gmt":"2025-12-01T22:16:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-media-and-crypto-com-bet-big-on-cronos-once-again-mixing-politics-and-crypto\/"},"modified":"2025-12-01T22:16:07","modified_gmt":"2025-12-01T22:16:07","slug":"trump-media-and-crypto-com-bet-big-on-cronos-once-again-mixing-politics-and-crypto","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-media-and-crypto-com-bet-big-on-cronos-once-again-mixing-politics-and-crypto\/","title":{"rendered":"Trump Media and Crypto.com bet big on Cronos, once again mixing politics and crypto"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Trump Media &amp; Technology Group and Crypto.com are announcing plans to launch a publicly traded Cronos via a business combination with Yorkville Acquisition Corp. <\/p>\n<p class=\"is-style-default\">The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/350472\/trump-media-crypto-com-6-billion-cronos-treasury-closer-public-debut\" target=\"_blank\" rel=\"nofollow\">reported<\/a> merger will create Trump Media Group CRO Strategy, Inc., with Steve Gutterman stepping in as CEO and Sim Salzman as CFO once the deal closes in early 2026.<\/p>\n<div id=\"cn-block-summary-block_5a61cc9a85503961a5b00f7e234dae79\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Trump Media and Crypto.com plan to launch a publicly traded Cronos via a merger with Yorkville Acquisition, creating a treasury exceeding $6 billion.<\/li>\n<li>Despite CRO\u2019s price decline, the firms aim for long-term growth, staking rewards, and integration into Truth Social and Truth+ programs.<\/li>\n<li>Allegations in a recent report suggest Trump-branded crypto ventures benefited politically connected investors, sparking questions about regulatory favoritism.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The proposed treasury is nothing if not ambitious:<\/p>\n<ul class=\"wp-block-list\">\n<li>Over $6 billion in assets, including 6.3 billion CRO tokens<\/li>\n<li>$200 million in cash<\/li>\n<li>$220 million in warrants, and <\/li>\n<li>A $5 billion equity line of credit. <\/li>\n<\/ul>\n<p>The announcement comes amid the recent tumble in CRO\u2019s price, which shaved the token\u2019s market cap from roughly $1 billion at announcement to about $636 million. Year to date, CRO is down over 47%. See below.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/cronos\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>Despite the dip, the firms are framing this as a long-term bet on Cronos growth. Plans include running a Cronos validator node targeting about 6% APY, producing steady staking rewards, and Trump Media pledging to buy $105 million in CRO while integrating the token into Truth Social and Truth+ reward programs. According to a joint statement reported by Decrypt, CRO will be \u201cthe backbone of a growing blockchain ecosystem,\u201d powering both utility (transactions, fees, governance) and yield generation (staking rewards).<\/p>\n<p>This latest move continues the Trump family\u2019s foray into crypto. A recent 78-page report titled <em>\u201cTrump, Crypto, and a New Age of Corruption\u201d<\/em> alleges that foreign governments, state-linked investors, and politically aligned corporations funneled money into Trump-branded crypto ventures, including the $TRUMP memecoin. In return, donors allegedly benefited from regulatory rollbacks and quietly shelved federal investigations into major crypto firms like Crypto.com, as well as Coinbase, Gemini and Ripple.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media &amp; Technology Group and Crypto.com are announcing plans to launch a publicly traded Cronos via a business combination with Yorkville Acquisition Corp. The reported merger will create Trump&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17039"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17039\/revisions"}],"predecessor-version":[{"id":17040,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17039\/revisions\/17040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9205"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}