CRO rises 17% after Crypto.com CEO meets Donald Trump

Crypto.com’s native token CRO (CRYPTO:CRO) surged by 17% after CEO Kris Marszalek announced a meeting with President-elect Donald Trump to discuss future crypto regulations.

The token briefly hit $0.205, its highest since December 7, before settling at $0.19.

Marszalek shared a photo of the meeting on X, sparking immediate speculation and excitement in the crypto community.

“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,” he said.

The announcement pushed CRO to soar from $0.175 to its recent peak, reflecting renewed investor optimism about potential regulatory clarity under Trump’s administration.

While the token has since retraced slightly, it remains up by 7% on the day.

The meeting aligns with growing efforts among crypto executives to influence policy direction in the U.S.

Charles Hoskinson of Input Output Global (IOG) previously announced plans to focus on creating a legislative framework in 2025, which had a similar market impact on Cardano (CRYPTO:ADA).

Rumors also circulated about Ripple CEO Brad Garlinghouse meeting with Trump for discussions on crypto-friendly regulations, although no official confirmation has been made.

This marked Marszalek’s meeting as the first confirmed direct engagement between a crypto executive and Trump, signaling a possible shift toward greater collaboration between the crypto industry and the incoming administration.

At the time of reporting, the price of Cronos (CRO) was $0.1897.