CRO Token Gains

Crypto.com’s CRO token gained over 15% on Thursday amid speculations about its inclusion in Donald Trump’s strategic crypto reserve.

Market Surge

Cronos (CRO), the native token of Cronos Chain, soared by 15.8% on Thursday. This surge was fueled by speculation about being part of a strategic crypto reserve recently unveiled by U.S. President Donald Trump. According to crypto.news price tracking, CRO’s price jumped to $0.09 on March 6, with trading volume rising nearly 100% as reported by crypto price aggregator platforms.

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Key Events

The price pump occurred shortly after Fox Business journalist Eleanor Terrett disclosed in a post that Crypto.com’s CEO, Kris Marszalek, would attend the White House Crypto Summit on Friday. While no specific sources were mentioned, Marszalek joins over a dozen crypto executives expected at the event, including Ripple CEO Brad Garlinghouse and Chainlink co-founder Sergey Nazarov.

Speculation and Potential Inclusion

Despite the speculation surrounding CRO’s inclusion in the national crypto reserve, no official confirmation has been made. Trump previously indicated that U.S. authorities might consider multiple tokens, including “other valuable cryptocurrencies” besides Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Initially, Bitcoin was the primary focus, but the comments broaden the possibilities for other tokens’ inclusion.

Future Developments

For more on upcoming developments, refer to news about Kraken and Crypto.com planning to launch proprietary stablecoins by 2025.