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CRO Shot Up by 17% After Crypto.com CEO Met With Donald Trump
The cryptocurrency market has been abuzz with speculation about the potential meetings between prominent crypto executives and US President-elect Donald Trump. While many have speculated that such meetings might take place, Crypto.com’s CEO Kris has confirmed that he was indeed the first to meet with Trump. This meeting apparently had a significant impact on the market, as the price of Crypto.com’s native token, CRO, skyrocketed by 17% in response.
According to reports, the CEO tweeted a photo of himself and President-elect Trump, stating that he was honored to have a seat at the table. The tweet was accompanied by a promise to work with the administration to develop clear regulations for the crypto industry, allowing the US to become a global leader in digital assets and innovation.
The tweet seemed to spark a significant reaction from the market, as CRO briefly topped $0.2 before retracing to around $0.19. This substantial increase of 17% in just one day is an unprecedented event in the cryptocurrency space, highlighting the significant impact that high-profile meetings can have on the market.
In related news, other executives have hinted at working with Trump’s administration to establish friendlier and clearer regulations for the industry. IOG’s Charles Hoskinson mentioned his intentions to spend a lot of time developing a legislative framework, which led to a notable increase in Cardano’s native token price. Similarly, rumors circulated about Ripple’s CEO Brad Garlinghouse meeting with Trump, although this has not been officially confirmed.
This significant surge in CRO’s price serves as a testament to the immense impact that high-profile meetings can have on the cryptocurrency market.
Source: cryptopotato.com
