CRO Shot Up by 17% After Crypto.com CEO Met With Donald Trump

As a seasoned researcher with over two decades of experience in the ever-evolving world of finance and technology, I have witnessed firsthand the transformative power of innovation and regulation intertwining to shape our global economic landscape. The recent revelation that Crypto.com’s CEO was the first to meet with President Donald Trump to discuss upcoming crypto regulations under his administration is indeed an intriguing development.

It has been suggested that various crypto executives may have discussed forthcoming regulations with President Donald Trump during his term, but Kris Marszalek, CEO of Crypto.com, claimed he was the one who initially met with the then-president-elect.

Within minutes of sharing a photo on platform X, its native token experienced a significant surge, reaching a ten-day high with gains in double digits.

Honored to have a seat at the table.

— Kris | Crypto.com (@kris) December 17, 2024

In a statement to CryptoPotato, Crypto.com’s chief exec added:

It was great to have the chance to discuss matters with President Donald Trump. We’re excited about collaborating with his administration to establish transparent guidelines for the cryptocurrency sector, aiming to make the U.S. a pioneer in digital assets and technological progress.

Following a popular post on X, the native token of the exchange skyrocketed, reaching a peak not seen since December 7 at $0.205, which was a significant increase from its previous price of $0.175. Although it has dipped slightly to $0.19 now, it still represents a 7% rise compared to its starting point for the day.

Remember, other executives from different industries had suggested collaborating with the Trump administration to create more favorable and transparent rules for our sector.

As an analyst, I’d rephrase it as follows: In 2025, I, Charles Hoskinson (of IOG), plan to dedicate a significant amount of my time towards creating a comprehensive legislative framework. This announcement, made back then, sparked a surge in the value of Cardano‘s native token.

Initially, whispers arose that Brad Garlinghouse, Ripple‘s CEO, may have held talks with Trump concerning the matter in question. However, thus far, the sole verified confirmation – as evidenced by the picture provided earlier – stems from the CEO of Crypto.com.

Read More

2024-12-17 14:26