Trump expands crypto-empire, sending Cronos 70% higher

The Trump family entered into another commercial crypto partnership with a well-known company. Crypto.com will acquire $50 million worth of Trump Media common stock. Meanwhile, Trump Media plans to acquire approximately $105 million worth of CRO, which, according to the press release, represents approximately 2% of CRO’s total market capitalization. The value of crypto coin CRO (or Cronos) surged 70% on the news.

Genius

While we were somewhat left waiting for crypto news from the Trump administration in the first few months of the year (Donald launched his own memecoin and released Silk Road founder Ross Ulbricht, but that was about it), that was completely rectified during the summer. The Republican administration signed the Genius Act, which should make it easier to trade digital currencies (and will also create a growth market for stablecoins), and the Trump family entered into several partnerships with crypto companies.

$CRO long if we get to .241 with a stop loss at .2111

Backed by a major partnership with the Trump family, $CRO has plenty of upside potential

Looking for strong continuation in the coming weeks, especially if it clears the .24 resistance level pic.twitter.com/fWuPqIj9Fe

— Trader Chase (@Crypto_ChaseTC) August 27, 2025

However, Trump’s crypto plans are being criticized by the opposition Democrats. They claim that foreign governments can now simply purchase one of Trump’s favourite digital currencies, making his family even richer and scoring some points with the American president. True, but you could also just give him a Boeing, like Qatar already did, of course.