Trump Media and Crypto.com has announced a partnership to launch a new ETFS on the basis of Cronos, Bitcoin and other assets. The decision is not binding, and CRONOS ETF will need SEC’s approval.
Although there are serious obstacles to the implementation of the announced program, CRONOS increased by more than 18 % due to speculative interest and bullish momentum.
Crypto.com, which is a major exchange and source of Crohnos symbol, has experienced some changes recently. Although CRO decreased dramatically at the end of 2024, the stock exchange was ventured in new markets.
Today’s partnership with the Trump Media Group has sparked a course of CRO, where the advertisement hinted to the potential ETF.
“Trump has signed a non -binding agreement with Crypto.com to launch a series of traded and ETPS investment funds. ETFS is expected to include [and] Current currencies include bitcoin, chronos, etc., “a press release I mentioned.
The advertisement showed that these circulating investment funds still require regulatory approval. Also, Crypto.com and Trump Media did not violate a “final” agreement, even if the resulting circulating investment funds include Cronos.
Meanwhile, CRONOS reached the highest annual level in December after reports of Crypto.com CEO and the US President’s meeting and its legal solution with the Supreme Education Council. However, CRO has suffered a 30 % decrease since then. Today’s news brought fresh liquidity to Altcoin.
SEC may look positively in Altcoin Atfs, but one depends on Cronos is completely outside the left field. Even if Trump interferes personally, Cronos ETF may remain months away. There have been no ETF apps for Altcoin yet.
Another anxiety, of course, is the angle “made in America”. Although the statement discusses the US -based products, Crypto.com is headquartered in Singapore. The United States is still the main target market for exchange.
However, the biggest problem is that ETF CRONOS can be the largest political encryption scandal since the Trump icon. American presidents are not supposed to do any of the status, especially with foreigners.
Can Trump expect to win the highest character of SEC? Even if that happens, does this not affect the legitimacy of the committee?
In general, it is clear that Trump is the media depth in the coding industry and is looking to expand investment. Such a partnership will also help increase its market share in the United States and challenge Coinbase.
Disintegration
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