Trump Media Partner Crypto.Com Announces End Of SEC Enforcement Action, Native Token Soars 12%

Benzinga

28 Mar

Crypto.com's native token Cronos CRO/USD surged to the top of the gainers list on Thursday after the firm announced that the SEC would not take any enforcement action against it.

What happened: Kris Marszalek, the company's CEO, said on X, "The SEC's investigation into Crypto.com has been closed with no action being taken against Crypto.com."

The SEC didn't immediately respond to Benzinga's request for comment.

The SEC's investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.
— Kris | Crypto.com (@kris) March 27, 2025

The announcement sparked a 12% rally for CRO, the utility token of Cronos, a decentralized blockchain built and operated by Crypto.com. The latest uptick widened its weekly returns to over 40%.

CRO's rally outshone mega-cap cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD, which traded flat during the day.

See Also: Trump Endorses Pro-Bitcoin Senator Cynthia Lummis For Re-Election, Says She Is Working To Make US The Crypto Capital

Why It Matters: The Singapore-headquartered firm initiated legal proceedings against the SEC in October 2024 after receiving a Wells notice from the regulator. Crypto.com accused the agency of exceeding its jurisdiction and enforcing an illegal rule that classifies all cryptocurrency transactions as securities transactions.

The SEC has granted similar relief to cryptocurrency exchanges Coinbase, Robinhood Markets' cryptocurrency operations, Gemini, and decentralized cryptocurrency exchange Uniswap in recent weeks.

The end of the enforcement action comes days after Trump Media and Technology Group Corp. DJT, a firm majority owned by President Donald Trump, announced a partnership with Crypto.com to launch a host of exchange-traded funds, including ones tied to cryptocurrencies.

Notably, CEO Marszalek was also invited to the first-ever White House Crypto Summit earlier this month.

Price Action: At the time of writing, CRO was exchanging hands at $0.1133, up 12.46% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the cryptocurrency was down 19.49%.

Image Courtesy: Shutterstock.com

Read Next:

Dogecoin Bucks Tariff-Fueled Market Lag With 3% Move—Analyst Says Memecoin Could Enter Bullish Phase Upon Breaking This Level

$BTCBitcoin

$87083.83-0.15%

Overview

$CROCrypto.com

$0.11174.88%

$ETHEthereum

$2008.600.27%

DJTTrump Media & Technology Group Corp

$20.40-2.59%

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The latest uptick widened its weekly returns to over 40%.</p>\n<p>CRO's rally outshone mega-cap cryptocurrencies such as <strong>Bitcoin </strong><span>BTC/USD</span> and <strong>Ethereum </strong><span>ETH/USD</span>, which traded flat during the day.</p>\n<p><strong>See Also:</strong><strong> </strong><strong>Trump Endorses Pro-Bitcoin Senator Cynthia Lummis For Re-Election, Says She Is Working To Make US The Crypto Capital</strong></p>\n<p><strong>Why It Matters</strong>: The Singapore-headquartered firm initiated legal proceedings against the SEC in October 2024 after receiving a Wells notice from the regulator. Crypto.com accused the agency of exceeding its jurisdiction and enforcing an illegal rule that classifies all cryptocurrency transactions as securities transactions. </p>\n<p>The SEC has granted similar relief to cryptocurrency exchanges <strong>Coinbase</strong>, <strong><a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets' </strong>cryptocurrency operations, <strong>Gemini</strong>, and decentralized cryptocurrency exchange <strong>Uniswap</strong> in recent weeks.</p>\n<p>The end of the enforcement action comes days after <strong>Trump Media and Technology Group Corp.</strong> <span>DJT</span>, a firm majority owned by President <strong>Donald Trump, </strong>announced a partnership with Crypto.com to launch a host of exchange-traded funds, including ones tied to cryptocurrencies.</p>\n<p>Notably, CEO Marszalek was also invited to the first-ever White House Crypto Summit earlier this month.</p>\n<p><strong>Price Action</strong>:  At the time of writing, CRO was exchanging hands at $0.1133, up 12.46% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the cryptocurrency was down 19.49%.</p>\n<p><em>Image Courtesy: Shutterstock.com</em></p>\n<p><strong>Read Next:</strong><em> </em></p>\n<ul>\n<li><strong>Dogecoin Bucks Tariff-Fueled Market Lag With 3% Move—Analyst Says Memecoin Could Enter Bullish Phase Upon Breaking This Level</strong></li>\n</ul> </div><div><div><div><div><div><div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~vIXcnlqc1hhwCzB62GstQ1oAtX2ISDhKoO2ORgRpGyxpvi7EO1XuXiKnzFGraxFbFWC69k7LRVV1UnWH4460CZKC2TVaBgx4Mf79mgnbM6p4fYaNjCYZB40ljJVhzsRL78Xti6eVkFvgUYBD3CRXyGcrxabR&amp;x-bz-exp=1743216317&amp;x-bz-security-isin=&amp;x-bz-security-symbol=BTC%2FUSD&amp;x-bz-signature=f15a84cd9c2281725c6ba433caf2fe83bde62e4aba3baacd972f0b9b7d650def\" 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2x\"/></noscript></span></div><div><div><span>$CRO</span><span>Crypto.com</span></div><div><div><span>$0.1117</span><span>4.88%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" 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2x\"/></noscript></span></div><div><div><span>$ETH</span><span>Ethereum</span></div><div><div><span>$2008.60</span><span>0.27%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" 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srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/1849635/mark_vector_light__49971464649f83b275aa1c06700d0598.svg?x-bz-cred=sb~EXvsyWR1uH69gw3OuA5c66QxoEKg3FKhmmEQmOlUNJTqO9h0UuY0n6m2eHAmQrOSUEC62Qz7L_751_jwCSUro7xw_oyZQrsfjmZYeu9xQdO6QtXEYMibs68c5hvrScAc9dL4104NVbk3zUyVC6tLNVsXUw-h&amp;x-bz-exp=1743216317&amp;x-bz-security-isin=US25400Q1058&amp;x-bz-security-symbol=DJT&amp;x-bz-signature=85d937c3209e9ce89df20d0ad0c9869165575ff87a5eef2b0ceae043a6fb107b 1x, https://image-util.benzinga.com/api/v2/logos/file/image/1849635/mark_vector_light__49971464649f83b275aa1c06700d0598.svg?x-bz-cred=sb~EXvsyWR1uH69gw3OuA5c66QxoEKg3FKhmmEQmOlUNJTqO9h0UuY0n6m2eHAmQrOSUEC62Qz7L_751_jwCSUro7xw_oyZQrsfjmZYeu9xQdO6QtXEYMibs68c5hvrScAc9dL4104NVbk3zUyVC6tLNVsXUw-h&amp;x-bz-exp=1743216317&amp;x-bz-security-isin=US25400Q1058&amp;x-bz-security-symbol=DJT&amp;x-bz-signature=85d937c3209e9ce89df20d0ad0c9869165575ff87a5eef2b0ceae043a6fb107b 2x\"/></noscript></span></div><div><div><span>DJT</span><span>Trump Media &amp; Technology Group Corp</span></div><div><div><span>$20.40</span><span>-2.59%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" 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All rights reserved.</p></div></body></html>","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Media Partner Crypto.Com Announces End Of SEC Enforcement Action, Native Token Soars 12%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Media Partner Crypto.Com Announces End Of SEC Enforcement Action, Native Token Soars 12%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-28 10:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/25/03/44528803/trump-media-partner-cryptocom-announces-end-of-sec-enforcement-action-native-token-soars-12><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Crypto.com's native token Cronos CRO/USD surged to the top of the gainers list on Thursday after the firm announced that the SEC would not take any enforcement action against it.\nWhat happened: Kris ...</p>\n\n<a href=\"https://www.benzinga.com/25/03/44528803/trump-media-partner-cryptocom-announces-end-of-sec-enforcement-action-native-token-soars-12\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://www.benzinga.com/25/03/44528803/trump-media-partner-cryptocom-announces-end-of-sec-enforcement-action-native-token-soars-12","article_id":"2522250567","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/03/27/Hand-Holding-Smartphone-With-Crypto-com-.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522250567","pubTimestamp":1743129602,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Crypto.com&#39;s native token Cronos (CRYPTO: CRO) surged to the top of the gainers list on Thursday after the firm announced that the SEC would not take any enforcement action against it.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4588":"碎股"},"translate_title":"特朗普媒体合作伙伴Crypto.Com宣布结束SEC执法行动，原生代币飙升12%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Crypto.com's native token Cronos CRO/USD surged to the top of the gainers list on Thursday after the firm announced that the SEC would not take any enforcement action against it.\nWhat happened: Kris Marszalek, the company's CEO, said on X, \"The SEC's investigation into Crypto.com has been closed with no action being taken against Crypto.com.\"\nThe SEC didn't immediately respond to Benzinga's request for comment.\n\nThe SEC's investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.— Kris | Crypto.com (@kris) March 27, 2025\n\nThe announcement sparked a 12% rally for CRO, the utility token of Cronos, a decentralized blockchain built and operated by Crypto.com. The latest uptick widened its weekly returns to over 40%.\nCRO's rally outshone mega-cap cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD, which traded flat during the day.\nSee Also: Trump Endorses Pro-Bitcoin Senator Cynthia Lummis For Re-Election, Says She Is Working To Make US The Crypto Capital\nWhy It Matters: The Singapore-headquartered firm initiated legal proceedings against the SEC in October 2024 after receiving a Wells notice from the regulator. Crypto.com accused the agency of exceeding its jurisdiction and enforcing an illegal rule that classifies all cryptocurrency transactions as securities transactions. \nThe SEC has granted similar relief to cryptocurrency exchanges Coinbase, Robinhood Markets' cryptocurrency operations, Gemini, and decentralized cryptocurrency exchange Uniswap in recent weeks.\nThe end of the enforcement action comes days after Trump Media and Technology Group Corp. DJT, a firm majority owned by President Donald Trump, announced a partnership with Crypto.com to launch a host of exchange-traded funds, including ones tied to cryptocurrencies.\nNotably, CEO Marszalek was also invited to the first-ever White House Crypto Summit earlier this month.\nPrice Action:  At the time of writing, CRO was exchanging hands at $0.1133, up 12.46% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the cryptocurrency was down 19.49%.\nImage Courtesy: Shutterstock.com\nRead Next: \n\nDogecoin Bucks Tariff-Fueled Market Lag With 3% Move—Analyst Says Memecoin Could Enter Bullish Phase Upon Breaking This Level\n $BTCBitcoin$87083.83-0.15%Overview$CROCrypto.com$0.11174.88%$ETHEthereum$2008.600.27%DJTTrump Media & Technology Group Corp$20.40-2.59%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}

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