Crypto.com CEO Kris Marszalek met with US President-elect Donald Trump to discuss the future of the industry ahead of the new administration’s arrival in the White House.
According to a new Bloomberg report, Marszalek and Trump recently met at Mar-a-Lago to discuss the possibility of holding a national Bitcoin (BTC).
The exchange’s native token, Kronos (CRO), soared more than 25% following news of the CEO’s meeting with Trump.
A Crypto.com representative who attended the meeting said:
“We look forward to working with the new administration to develop and advance clear regulations for the cryptocurrency industry so that the United States can become a global leader in digital assets and innovation.”
The cryptocurrency industry, including some of the largest exchanges in the universe, reacted positively to Trump’s victory, which is largely seen as a boon to the booming cryptocurrency industry.
Commenting on the matter, a Coinbase spokesperson told Bloomberg:
“We are pleased with the open doors our new management team has opened to Coinbase and the cryptocurrency community.”
A Crypto.com spokesperson echoed this sentiment, saying the company has already withdrawn its lawsuit from the U.S. Securities and Exchange Commission (SEC).
“We have withdrawn action against the SEC given our intent to work with the incoming administration on the industry’s regulatory framework.”
CRO is trading at $0.193 at the time of writing, up 12% on the day.
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Featured image: Shutterstock/Rakhimov Edgar