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

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

Almost immediately after posting a picture on X, the price of the native token skyrocketed by double-digits to a ten-day peak.

Honored to have a seat at the table. pic.twitter.com/KvK0XyEdYZ

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

In a statement to CryptoPotato, Crypto.com’s chief exec 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 the U.S. can become a global leader in digital assets and innovation.”

The exchange’s native token exploded after the picture went viral on X, soaring from $0.175 to its highest price tag since December 7 of $0.205. It has since retraced to $0.19 but it’s still 7% up on the day.

CROUSD. Source: TradingView

Recall that other industry execs also hinted about working with the Trump administration to establish friendlier and clearer regulations around the industry.

IOG’s Charles Hoskinson was the first to say that he will spend a lot of his time in 2025 to develop a legislative framework, which sent Cardano’s native token flying at the time.

Then, rumors started to circulate that Ripple’s CEO, Brad Garlinghouse, had met with Trump to discuss the same. So far, though, the only official confirmation, including the picture from above, has come from Crypto.com’s CEO.