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CRO Shot Up by 17% After Crypto.com CEO Met With Donald Trump
As the crypto market continues to navigate the ever-changing regulatory landscape, one major token has made a significant move following a high-profile meeting. CRO, the native token of cryptocurrency exchange and fintech company Crypto.com, has surged by an astonishing 17% after its CEO, Kris, met with none other than former US President Donald Trump.
The unexpected announcement was made via Twitter when Crypto.com’s CEO shared a photo of himself alongside Trump, stating that he had been honored to have a seat at the table. The price of CRO token skyrocketed shortly after, briefly topping $0.20 before retreating to around $0.19. Despite this retracement, the token remains 7% higher on the day.
While the exact details of their discussion remain unclear, it is no secret that Crypto.com has been keenly focused on establishing itself as a major player in the US market. The company’s CEO has long emphasized his commitment to working closely with government officials and regulatory bodies to ensure a favorable environment for digital assets.
This latest development may have sparked concerns among some investors, given Trump’s history of criticizing cryptocurrencies. However, it is worth noting that Trump has also expressed interest in blockchain technology, specifically citing its potential applications in supply chain management and other industries.
The CRO token’s surge comes as no surprise to many in the crypto community, who are still reeling from a year filled with regulatory uncertainty and market volatility. The meeting serves as yet another example of the ever-evolving landscape that is cryptocurrency, where even the most unexpected events can send shockwaves throughout the space.
For now, the crypto market remains focused on this development, and many investors will be watching closely to see how CRO’s price reacts in the coming days and weeks.
Source: cryptopotato.com
