Former Gryphon executives will lead the cryptocurrency company jointly established by Trump Media and Crypto.com

According to market news, two former executives of Gryphon Digital Mining have been appointed as heads of a newly established cryptocurrency asset management division, which was jointly founded by Trump Media and Crypto.com.

According to Yorkville Acquisition Corp., these appointments will take effect after the business merger is completed, which is expected to be finalized in the first quarter of 2026. After the merger is completed, Steve Gutterman will serve as CEO, and Sim Salzman will serve as CFO. They previously oversaw Gryphon's restructuring, regulatory reporting, and capital market transactions, and have held executive positions at E*TRADE, American Bitcoin, and Marathon Digital. The new entity was formed through the merger of the businesses of Trump Media Technology Group and Crypto.com, with the aim of acquiring and operating CRO as the preferred asset for the entity's long-term reserves. The two companies announced in September that they would initially acquire 684.4 million CRO tokens at a price of approximately $0.153 per token, with an initial transaction amount of about $105 million, paid in cash and stock.