Trump’s cryptocurrency plans are once again in the spotlight in Washington: U.S. President Donald Trump has allowed for the possibility of transferring his crypto interests into a “blind trust” while the Senate discusses rules for the digital asset market. In practice, the debate centers on whether the sitting president should separate personal crypto assets and related business projects from decisions on market regulation. Almost simultaneously, Trump Media shut down a major project with and scaled back its partnership format around the prediction market for Truth Social.
Key Takeaways
- Donald Trump stated he is willing to consider transferring his cryptocurrency interests into a “blind trust” amid Senate negotiations.
- Trump Media abandoned its plan to create a CRO treasury structure worth up to $6.42 billion.
- and Trump Media also changed their approach to integrating the prediction market into Truth Social.
These events highlighted two sensitive areas for Trump: the political-ethical, related to the discussion of the digital assets law, and the corporate, where Trump Media is revising its cryptocurrency plans. The ethical debate revolves around a specific risk: lawmakers are discussing market rules, while Trump and his associated companies have interests in crypto projects, including CRO, Truth Social Funds, and products . For the United States, the issue has become especially prominent after the Joe Biden administration, when digital asset regulation was already one of the main topics for the market.
For Congress, the main risk is that the personal crypto assets of a sitting politician may intersect with the rules that the same politician helps to shape.
In this debate, cryptocurrency is seen not only as an investment tool. For lawmakers, it is also an asset in accounting, a potential source of conflict of interest, and a new form of value that is not equal to regular central bank currency. Therefore, the possible transfer of assets into a “blind trust,” the CRO treasury plan for Trump Media, and the link between Truth Social and predictive products have all come under scrutiny.
The Ethics Debate Over Trump’s Crypto Interests Remains Unresolved
Donald Trump told Punchbowl News that he does not object to transferring his cryptocurrency assets into a “blind trust.” The Financial Times quoted him as saying he is ready to allow his children to manage these interests. This position was voiced amid Senate negotiations on the Digital Asset Market Transparency Act.
I’m not opposed to putting them in a “blind trust”… I’ll let my children manage them.
On August 6, 2026, Reuters reported that lawmakers were discussing a provision that could require Trump to divest part of his business related to cryptocurrencies. According to the agency, citing Bloomberg, the wording also considered the possibility of deferring capital gains tax upon the sale of eligible assets.
At the time of publication, the White House had not commented on the tax aspect of the proposal. For the U.S. Congress, this issue turned out to be one of the most contentious, as it directly concerns how the sitting president should separate personal financial interests from public policy.
The Senate draft from July 22 took a narrower approach to Trump’s crypto interests. The U.S. branch of Transparency International stated that the document effectively creates a “safe harbor” through the mandatory sale of assets or their transfer to a “blind trust” for certain direct investments.
At the same time, the organization warned that other commercial interests and family obligations may remain outside the scope of clear requirements. On the same day, Senator Elizabeth Warren, vice chair of the Senate Banking Committee, criticized the bill’s provisions on ethics and oversight mechanisms.
On July 17, 2025, the House of Representatives passed bill H.R. 3633: 294 congressmen voted for it, 134 opposed. The document then went to the Senate and was referred to the Banking Committee. The House bill is supposed to determine which digital goods fall under federal securities and commodity market rules.
The Senate went on August recess without a vote. Unresolved issues included ethical restrictions, competition in the banking sector, and rules for cryptocurrency rewards. Against this backdrop, the topic looks much sharper than during Donald Trump’s first presidency, when digital assets did not yet occupy such a place in the political agenda.
Trump Media Abandoned $6.42 Billion CRO Treasury Plan
On August 7, Trump Media, and Yorkville Acquisition Corp. ceased work on the planned merger with Cronos. The companies explained the decision by market conditions and a change in business priorities.
The deal was announced on August 26, 2025. According to documents filed with the U.S. Securities and Exchange Commission, the project could have attracted up to $6.42 billion in funding.
The project’s funding was divided into several parts:
- : $1 billion in the form of a CRO loan.
- Cash: $200 million.
- Warrants: $220 million.
- Stock-backed credit line: $5 billion.
Acting Trump Media CEO Kevin McGurn told Axios that the market for digital asset treasury strategies has become too saturated. According to him, the decision is primarily related to competition, not regulatory risks around Trump-linked companies.
This explanation separates Trump Media’s corporate pivot from the ethics debate under the CLARITY Act. In public comments, the company did not confirm that the abandonment of the CRO treasury project was a direct result of legislative negotiations.
Truth Social Will Retain Link With , but Without Deep Integration
Trump Media and also revised their plans for the prediction market for Truth Social. Instead of directly embedding the service, the companies decided to focus on promoting predictive products among platform users.
The original Truth Predict project envisioned access to prediction markets directly within the Trump Media social platform. The new format makes Trump Media’s role less operational but maintains commercial relations with .
Kevin McGurn explained that the company intends to pay more attention to growing Truth Social’s revenue and developing the media business as a whole. In this context, he also mentioned the completion of the deal with TAE Technologies.
At the same time, Trump Media is not exiting the digital asset space entirely. Truth Social Funds exchange-traded funds will continue to operate in an updated structure. For the market, this signals not a rejection of the crypto direction, but a more cautious adjustment of priorities.
The context for such decisions remains broad: regulators and lawmakers in the U.S. are closely watching digital markets, major platforms, and associated risks. The same agenda includes crypto exchanges like Binance, social ecosystems like Facebook, and politically sensitive projects linked to sitting officials.
Deal With TAE Technologies Moves to Forefront
On December 18, 2025, Trump Media signed a merger agreement with TAE Technologies. The deal is to be completed entirely in shares, with a total valuation exceeding $6 billion.
Under the terms of the agreement, TAE shareholders and Trump Media shareholders will receive roughly equal stakes in the combined company. After the deal closes, TAE will continue to operate as a wholly owned subsidiary of Trump Media.
This direction now appears to be Trump Media’s main corporate priority. McGurn stated that management is focusing on the media business and completing the deal with TAE, while crypto projects are undergoing review.
The next important stage will be the Senate’s return to discussing the CLARITY Act. The Financial Times reported that Senate Majority Leader John Thune expects a vote in September. The final wording will determine how strictly the law limits politicians’ crypto interests and how it affects companies linked to Donald Trump.
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