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CRO Shot Up by 17% After Crypto.com CEO Met With Donald Trump
The native token of the popular cryptocurrency exchange and wallet provider, Crypto.com, has seen a remarkable surge in value following an unexpected meeting with former US President Donald Trump. The CEO of Crypto.com, Kris, took to Twitter to announce the encounter, stating that they “welcomed the opportunity to meet with President Donald Trump” and expressed enthusiasm for working with his administration to establish clearer regulations around cryptocurrency.
Following the announcement, the price of CRO skyrocketed by a staggering 17%, briefly topping $0.2 before retracing to $0.19. While it’s difficult to predict the long-term effects of this meeting on the crypto market, it’s clear that the sudden increase in value has garnered significant attention from investors and traders.
When asked for comment, Crypto.com’s CEO emphasized their commitment to working with the new administration to develop and advance clear regulations for the crypto industry. “We look forward to working with the new administration to develop and advance clear regulations for the crypto industry so the U.S. can become a global leader in digital assets and innovation,” they stated.
The sudden surge in CRO’s value is particularly interesting given the current climate of regulatory uncertainty around cryptocurrency in the US. As the crypto market continues to evolve, it will be crucial for exchanges like Crypto.com to engage with policymakers to ensure that the industry remains accessible and secure for investors.
While some may view this meeting as a potential game-changer for the cryptocurrency space, others might be skeptical about the short-term effects on the market. Nonetheless, the 17% increase in CRO’s value speaks volumes about the attention and credibility garnered from this high-profile meeting.
This article originally appeared at CryptoPotato.
Source: cryptopotato.com
