Crypto Exchange Crypto.com Makes a $700 Million Bet on the Future of Crypto, $CRO Up 20% crypto.com arena
Singapore-based centralized exchange Crypto.com has signed another huge sponsorship deal, as the result of which the iconic sports area in downtown Los Angeles that is currently known as “Staples Center” will be renamed to “Crypto.com Arena”.
We are now officially at less then 1 month until Jed McCalebs taco stand account is empty of $XRP. https://t.co/lS9kfCwK08
— Rob XRP ☀️ (@robxrp1) June 25, 2022
- Staples Center is “owned and operated by the Arturo L.A. Arena Company and Anschutz Entertainment Group (AEG); it serves as home venue for the Los Angeles Kings of the National Hockey League (NHL), as well as the Los Angeles Lakers and the Los Angeles Clippers of the National Basketball Association (NBA), and the Los Angeles Sparks of the Women’s National Basketball Association (WNBA).duacrypto.comIt’s worth noting McCaleb’s large XRP sales continued even after the cryptocurrency endured a major sell-off over the U.S. Securities and Exchange Commission’s (SEC’s) lawsuit against Ripple Labs last year. The SEC has alleged Ripple and two of its executives “raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.”
