Altcoins News
By Evie Vavasseur
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SEC Closes Investigation into Crypto.com. The major catalyst behind CRO’s price surge is the closure of the SEC’s investigation into Crypto.
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Controversy Over Re-Issuance of 70 Billion CRO Tokens. In addition to the legal news, Crypto.com has recently faced backlash over its decision to…
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CRO’s Market Outlook. The closure of the SEC’s investigation has provided much-needed clarity for Crypto.
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Cronos (CRO), the native token of Crypto.com, has surged by nearly 11% over the past 24 hours, briefly crossing the $0.11 mark before stabilizing around $0.10.
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In response, Crypto.com filed a lawsuit against the SEC, arguing that the regulator had overstepped its jurisdiction and was attempting to extend its authority to crypto…
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The legal battle culminated in December 2024 when Crypto.com dropped its lawsuit. This followed the re-election of Donald Trump as US President, which led to a shift in the…
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Nick Lundgren, Crypto.com’s Chief Legal Officer, voiced frustration over the years-long investigation, accusing the SEC of abusing its power to harm the crypto industry.
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In addition to the legal news, Crypto.com has recently faced backlash over its decision to re-issue 70 billion CRO tokens that had been burned in 2021 to reduce the overall supply.
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Despite the criticism, CEO Kris Marszalek defended the decision, explaining that it was a necessary step to support the company’s long-term growth strategy.
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As Crypto.com continues to navigate both regulatory challenges and internal controversies, the future of Cronos (CRO) will largely depend on how well the company can manage these…
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