Loading...
[Trump Media and ((Crypto.com)) Partner to Establish Crypto Asset Company, Appoint Former Gryphon Executives to Key Roles] Two former executives of Gryphon Digital Mining, Steve Gutterman and Sim Salzman, have been appointed to lead the new crypto asset management division jointly established by Trump Media and ((Crypto.com)). According to Yorkville Acquisition Corp., these appointments will take effect after the completion of the merger between the two parties, which is expected to be finalized in the first quarter of 2026. Following the merger, Gutterman will serve as CEO, and Salzman will take on the role of CFO. Both individuals previously oversaw Gryphon's restructuring and capital market transactions and have held executive positions at companies such as E*TRADE, American Bitcoin, and Marathon Digital. The new entity plans to use the CRO token as a long-term reserve asset, with the two parties having previously purchased 684.4 million CRO tokens at approximately $0.153 each, for a total transaction value of around $105 million.