Developing storyline

Trump's crypto business faces regulatory and market pressure

Trump Media pivots away from crypto toward data licensing and a TAE merger even as a bipartisan Clarity Act provision would force President Trump to divest his crypto holdings, while media groups sue to block its Truth API rollout.

3 stories306 sourcesUpdated Aug 13, 2026

In this storyline:Donald J. Trump Truth Social Trump Media & Technology Group TAE Technologies Clarity Act John Thune

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total articles across this storyline · last 72h

Key developments

Aug 12, 2026
Trump Media & Technology Group reports Q2 revenue up 89% to $1.7 million but posts a $238.1 million net loss, pivoting from crypto toward Truth API licensing and a planned TAE Technologies merger.
80 sources on this →
Aug 11, 2026
A bipartisan ethics provision in the Clarity Act crypto bill would force President Trump to divest from crypto-related businesses, with a Senate vote expected before the August recess.
98 sources on this →
Aug 13, 2026
Media groups sue in Manhattan federal court to block Trump Media's Truth API rollout amid mounting losses and regulatory scrutiny of the company's crypto pivot.
128 sources on this →

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Photo: Malcolm Hill / Wikimedia Commons (Pexels)

Media Groups Sue to Block Truth API in Manhattan

Judges and media groups are pushing back against President Donald Trump’s litigation against news outlets, signaling a strengthening defense of press freedom, even as his legal challenges struggle. Trump Media & Technology Group is posting heavy losses, pivoting from crypto to data licensing and Truth API while pursuing a merger, amid regulatory scrutiny and investor anxiety.

128 sources

Photo: https://www.facebook.com/DonaldTrump/photos/a.488852220724.393301.153080620724/10159419638630725/?type=3&theater / Wikimedia Commons (Public domain)

Trump Media pivots to Truth API licensing

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Trump Media & Technology Group reports a 89% year-over-year Q2 revenue rise to $1.7 million driven by Truth+ and Truth API, but posts a $238.1 million quarterly net loss due to unrealized digital asset and equity losses, as it pursues a liquidity-backed path toward a planned Q4 2026 merger with TAE Technologies and expands Truth Social and related platforms. The company is shifting away from crypto initiatives, scrapping Crypto.com CRO plans and pivoting toward media, data licensing, and the TAE deal, while valuation analyses suggest the stock trades at a premium relative to cash flow and book value despite ongoing profitability challenges.

80 sources

Photo: U.S. Senate Photographic Studio / Wikimedia Commons (Public domain)

Clarity Act Senate September Vote

A bipartisan ethics provision tied to a major crypto bill would force President Trump to divest from crypto-related businesses, potentially unlocking a large tax windfall by allowing deferral of capital gains on those holdings as the Clarity Act moves through Congress. Negotiations continue with votes anticipated before a August recess, and the measure seeks to empower state enforcement while allowing the possibility of permanent deferment under certain reinvestment scenarios.

98 sources