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- Cronos’ proposal to recover 70 billion burned CRO tokens passed with 62.18% approval, aiming to establish a strategic reserve for ecosystem growth.
- Crypto.com expands in Europe with a MiCA license and plans an ETF for CRO while enhancing usability through a Layer-2 withdrawal feature.
CRO token holders have approved a controversial proposal: the recovery of 70 billion CRO tokens that were originally burnt in 2021. The crypto community has responded differently to the ruling depending on 62.18% support.
On the one side, the action is being praised as a means of enhancing CRO’s position in the market and hence promoting further adoption. Conversely, many are dubious about the move’s openness and long-term effects.
🚨JUST IN: CRONOS' PROPOSAL TO RECOVER 70B $CRO TOKENS HAS PASSED WITH 62.18% APPROVAL
— BSCN Headlines (@BSCNheadlines) March 18, 2025
A Move Towards a “Cronos Strategic Reserve”
The recovery of the 70 billion tokens is aimed at establishing a “Cronos Strategic Reserve,” a kind of strategic reserve that will be used for various ecosystem development projects. The Cronos team argues that this is a way to ensure sustainable growth and attract more users and developers to their network.
Still, the voting procedure has proved divisive. The support and opposition for the proposal were practically equal the day before the voting stopped. Then all of a sudden another 3.35 billion CRO arrived at the support camp to guarantee the quorum required for the plan to pass.
Some in the community think that the extra votes originated from a sizable validator run by Crypto.com, supposedly in charge of 70–80% of the Cronos network’s voting capability.
Opportunity or Setback? The Debate Over CRO Recovery
For some, the token recovery creates new chances for the Cronos ecosystem. Cronos can be more adaptable, executing different adoption campaigns and incentives for new users with a bigger strategic reserve. Still, doubt persists. Recovering burned tokens might be considered a step back from the deflationary ideas many crypto projects apply to increase the value of their tokens.
One crypto market analyst even likened the action to a restaurant that had guaranteed a lifetime discount only to pull back on the promo when their company began to expand. “It’s not just about the token, it’s about trust,” he said.
Crypto.com and Its Massive Expansion
Though there is debate, Crypto.com keeps growing. The exchange was licensed under Malta’s Markets in Crypto-Assets (MiCA) rule in January 2025, therefore opening the path for more European Union market growth. The action emphasizes how increasingly attractive clear regulation is to crypto exchanges trying to grow internationally.
Cronos also just added a capability via its Layer-2 network that lets Ethereum users more easily withdraw funds from prepaid cards,according to CNF. The cooperation with Crypto.com aims to simplify the conversion of crypto assets to fiat free from the usually existing friction in traditional methods.
CRO ETF Plans: What to Expect?
Furthermore, hinted at by Crypto.com, are plans to launch a CRO ETF by the fourth quarter of 2025. Although particular specifics of the ETF—including pricing, sponsorship, exchange listing, and fees—are still under wraps, many view the move as a long-term strategy to raise the CRO token’s exposure and attractiveness to institutional investors.
Despite some developments, the CRO token is still performing poorly, dropping 7.18% over the last 24 hours and consolidating over the last 7 days.
