CRO surged 17% after Crypto.com CEO met with Donald Trump

While there have been many speculations and hints about crypto executives meeting with Donald Trump to discuss upcoming regulations under his administration in the United States, Crypto.com’s CEO said he was the first to meet with the elected president.

Almost immediately after posting an image on X, the price of the native token shot up by double digits to a ten-day high.

An honor to be able to sit at the table. pic.twitter.com/KvK0XyEdYZ

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

In a statement to CryptoPotato, the head of Crypto.com added:

“We welcomed the opportunity to meet with President Donald Trump. We look forward to working with the new administration to develop and advance clear regulations for the crypto industry so that the United States can become a global leader in digital assets and innovation.

The exchange’s native token exploded after the image went viral on X, jumping from $0.175 to its highest price since December 7 of $0.205. It has since returned to $0.19, but is still up 7% on the day.

CRO USD. Source: TradingView

Recall that other industry executives also hinted about working with the Trump administration to establish clearer, more industry-friendly regulations.

IOG’s Charles Hoskinson was the first to say that he will spend much of his time in 2025 developing a legislative framework, which blew up Cardano’s native token at the time.

Rumors then began to circulate that Ripple CEO Brad Garlinghouse had met with Trump to discuss the matter. So far, however, the only official confirmation, including the image above, has come from the CEO of Crypto.com.

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