Cronos (CRO) Surges 18%, Trump Media and Crypto.com Partnership a Trigger?

Jakarta, Pintu News – A strategic partnership between Trump Media and Crypto.com has announced plans to launch a new ETF based on Cronos, Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply-, and other assets.

Although it still requires approval from the SEC, this news has caused a significant spike in Cronos’s value. This partnership marks a major step for Trump Media in exploring the potential of the crypto industry.

Market-Shaking Partnerships

The partnership was announced as a non-binding cooperation that aims to launch a series of ETFs and ETPs covering digital assets and securities with a “Made in America” focus. The plan covers diverse industries ranging from energy to cryptocurrencies such as Bitcoin (BTC) and Cronos.

While this is a promising first step, both parties have yet to reach a definitive agreement on an ETF that will include Cronos. Regulatory Obstacles and Approvals Despite market enthusiasm, Cronos-based ETFs still need the green light from the SEC.

This process could take months, and no ETF application has been filed for this altcoin. Moreover, Trump’s direct involvement in the business could be politically scandalous, given the precedent set with the TRUMP token.

Also read: 4 Crypto to Watch After US Stock Market Adds $1.5 Trillion!

Impact on Crypto.com and the US Market

This partnership can also potentially increase Crypto.com’s market share in the United States, which is their primary target market despite their headquarters being in Singapore. This could be a strategic move to challenge Coinbase’s dominance in the US market.

The partnership with Trump Media could give Crypto.com a significant competitive advantage. Market Reaction and Future Outlook Following the partnership announcement, Cronos reached its annual high in December, but has declined by 30% since then.

This latest news has brought new liquidity into the altcoin, showing potential for further recovery and growth. The market will continue to monitor these developments closely, especially the SEC’s reaction to the ETF proposal.

Read also: Shiba Inu Whale Surge: A Sign of an Imminent SHIB Price Rally in April 2025?

Challenges and Opportunities

While there are many challenges, including regulatory approval and potential conflicts of interest, this partnership opens up new opportunities in the crypto industry. ETFs involving Cronos and other digital assets could diversify financial products and attract new investors to the crypto market.

Political and Regulatory Considerations The “Made in America” aspect of the proposed ETF is appealing, but Crypto.com’s location in Singapore could be an obstacle.

In addition, the direct involvement of a former president in a business that has the potential to generate personal benefits could raise serious questions about the SEC’s legitimacy and independence.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Trump Media & Crypto.com Partnership: Cronos Surges. Accessed on March 26, 2025
• Decrypt. Crypto Token Cronos Spikes Following Trump Media & Crypto.com Tie-Up. Accessed on March 26, 2025
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