Cronos (CRO) Records a Notable 11% Surge as the SEC Closes Its Investigation into Crypto.com

Cronos (CRO) has seen a notable surge of 11% in the past 24 hours. On March 28, 2025, the token briefly crossed the $0.11 mark before stabilizing around $0.1072.

Cronos (CRO) price displayed a notable surge of 11% in the past 24 hours. On March 28, 2025, the token briefly crossed the $0.11 mark before stabilizing around $0.1072.

The latest uptick brought CRO’s weekly gains to nearly 40%. The sudden spike came after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into Crypto.com without taking any enforcement actions.

The SEC’s probe into Crypto.com officially ended with no action being taken. The investigation’s closure came after months of tension between the regulatory body and the exchange.

In October 2024, Crypto.com filed a lawsuit against the SEC after receiving a Wells notice, which signaled the agency’s intent to sue for the exchange’s operation as an unregistered broker-dealer and securities clearing agency.

The lawsuit argued that the SEC was overstepping its jurisdiction by classifying nearly all crypto transactions as securities, regardless of how they were sold.

At the time, Crypto.com CEO Kris Marszalek slammed the SEC’s actions, deeming them unjust and overbearing. He called for an end to the regulator’s overreach in the crypto space.

However, by December 2024, Crypto.com dropped the lawsuit. The move came after the re-election of Donald Trump as U.S. President.

Several crypto firms, including Kraken, Coinbase (NASDAQ:COIN) and Uniswap, faced enforcement actions under the previous Biden administration. But with Trump’s return to office, many of these cases were shut down, signaling a shift in the legal landscape for crypto companies.

Commenting on the closure of the SEC’s investigation, Nick Lundgren, Chief Legal Officer at Crypto.com, expressed his frustration over the investigation’s duration.

“It is unfortunate that we were forced to endure this years-long investigation and file our own suit against the SEC to protect the rule of law,” Lundgren said.

He added that Crypto.com is fully committed to compliance and working with the SEC.

“We value our working relationships with the SEC and look forward to continuing to cooperate with the agency and its soon-to-be-confirmed Chair, Chair Atkins, in bringing much-needed clarity to the regulatory landscape for digital asset firms.”

Along with the SEC’s investigation conclusion, Crypto.com also faced backlash over the re-issuance of 70 billion Cronos (CRO) tokens.

Critics, including blockchain investigator ZachXBT, accused the company of betraying its users. They argued that the decision to revive tokens previously burned in 2021 went against the principles of decentralization and transparency, which many in the community hold dear.

However, CEO Kris Marszalek defended the move, stating that the re-issuance was crucial for Crypto.com’s growth strategy. He assured that the decision aligned with the company’s future vision and the necessity to sustain its operations going forward.

Crypto analyst Lucky recently shared his optimistic outlook on Cronos (CRO), highlighting the token’s strong comeback and significant growth potential.

In a March 26 tweet, Lucky noted that CRO has shown promising signs of recovery and is poised for further growth as it continues to break through previous resistance levels.

The chart shows CRO moving from the demand zone and breaking through previous resistance. This could signal the start of a new bullish phase, with CRO potentially reaching new highs.

In addition, Lucky mentioned that Cronos recently partnered with Donald Trump’s Truth Social to launch a groundbreaking ETF featuring the Cronos token.

According to the analyst, this partnership will propel CRO to new heights.

“I genuinely believe CRO will hit a new high this cycle.”