Former Gryphon Exec to Lead Crypto Asset Firm Founded by Trump Media and Crypto.com

On December 2nd, according to Cryptopolitan, two former executives of Gryphon Digital Mining have been appointed as the heads of a newly formed cryptocurrency asset management unit, jointly established by Trump Media and Crypto.com. According to Yorkville Acquisition Corp., these appointments will take effect upon the completion of the business merger, which is expected to close in Quarter 1, 2026. Upon completion of the merger, Steve Gutterman will serve as CEO and Sim Salzman will serve as CFO. They previously oversaw Gryphon's restructuring, regulatory reporting, and capital markets transactions, and have held executive positions at E * TRADE, American Bitcoin, and Marathon Digital.
The new entity, formed through a merger with the businesses of Trump Media Technology Group and Crypto.com, aims to acquire and operate CROs as the asset of choice for the entity's long-term reserves. The two companies announced in September that they would acquire 684.40 million CROs for the first time at about $0.153 per token, with an initial transaction value of about $105 million, paid in cash and stock.