Trump Media Group CRO Strategy | Crypto

Yorkville has filed a confidential S-4 as its MCGA SPAC has advanced a Trump Media and Crypto.com business combination to build a publicly traded CRO treasury, naming Steve Gutterman and Sim Salzman to lead the Cronos-focused strategy. The post Yorkville SPAC Files S-4, Taps New CEO/CFO for Trump Media Group CRO Strategy appeared first on Cryptonews.

Crypto.com-backed CRO jumped 40% on the announcement of the Trump Media Group CRO Strategy, reaching levels not seen since May 2022. Cronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following news of the Trump Media Group CRO Strategy launch. On Tuesday, Trump Media and Technology Group announced launching a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition. Cronos (CRO) surged 25% to $0.20 within hours after the announcement, before climbing past $0.23 on Wednesday, its highest level since May 2022, according to CoinGecko data. Read more