TechFlow News, February 25: According to Decrypt, cryptocurrency exchange Crypto.com received multiple regulatory benefits after donating $35 million to MAGA Inc., a pro-Trump super political action committee. Weeks after its most recent $5 million donation, the U.S. Commodity Futures Trading Commission (CFTC) sided with the company in its litigation against Nevada over sports prediction markets.
Additionally, a regulatory agency under the U.S. Department of the Treasury conditionally approved Crypto.com’s application for a national trust bank charter this Monday, positioning the company to become a “one-stop qualified custodian” for major financial institutions. The company has also established a strategic partnership with Trump Media and Technology Group, launching a Trump-branded crypto ETF and Truth Social–linked prediction markets.
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