Dry drop the business against crypto.com, Cro goes up 8%

CEO of Crypto.com, Kris Marzalek, said that the American Securities and Exchange (SEC) commission had closed its investigation into the exchange of crypto without imposing a penalty or having taken legal action.

“They used all the tools available to try to suffocate us, restricting access to banks, listeners, investors and beyond,” he said in a March 27 job. “It was a calculated attempt to end the industry.”

Crypto.com accuses the dry of an “erroneous” approach to the regulation of digital assets

The DRA’s decision to close its survey on Crypto.com comes after the agency published a well notice to the company in August which indicated its intention to take legal action against the Crypto Exchange.

Crypto.com responded by Take up a legal action Against the dry in October. In his file, the exchange accused the agency led by Gary Gensler of then going beyond his authority and of adopting a “erroneous” approach to the regulation of cryptography.

CRO is the most efficient even in the middle of the controversy of tokens burns

Investors reacted positively to news. TThe native cronos token (CRO) of the platform has pumped more than 8% in the last 24 hours for trade at $ 0.1093 to 1 h 35 hne, according to CoinmarketCap. The pump made CRO the most efficient major crypto in the last 24 hours.

Although CRO’s price could have increased, there is still a controversy cloud surrounding Crypto.com and its CRO token. It all started when the exchange announced that it would reissue 70 billion tokens burned in 2021, a few days before Trump Media & Technology concluded in a non -binding agreement with the exchange.

Many have said that this decision has undermined the principles of decentralization and transparency. Onchain’s investigator, Zachxbt, even continued saying that “CRO is not different from a scam”.

CRO is not different from a scam

Your team has just reissued 70B CRO a week ago which was previously burned “forever” in 2021 (total supply of 70%) and opposed the wishes of the community by controlling the majority of the offer.

I do not know why the truth would choose a partnership with your exchange … pic.twitter.com/xnluslddzc

– Zachxbt (@zachxbt) March 25, 2025

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