Cronos, the blockchain linked to Crypto.com, has approved a governance proposal to reissue 70 billion CRO tokens, valued at $5.6 billion, reversing a 2021 token burn. This move increases the total supply of CRO from 30 billion to 100 billion tokens over a 10-year vesting period. The proposal, which required a 33.4% quorum, passed with 62.18% approval during the March 2-16 voting period. A last-minute influx of 3.35 billion CRO votes from validators controlled by Crypto.com, which holds 70-80% of voting power, ensured its success. Independent validators largely opposed the plan, raising concerns about governance centralization. The newly minted tokens will be allocated to a strategic reserve wallet under a multi-year vesting schedule. The reserve aims to support ecosystem growth, institutional adoption, and potentially launch a CRO-backed exchange-traded fund (ETF). The decision has sparked backlash within the community, with critics arguing that the reissuance dilutes the token's value. Adding to the controversy, Crypto.com proposed burning 50 million CRO tokens shortly after the reissuance, representing only 0.07% of the newly minted supply. The price of CRO has already dropped by 8.5% amid market concerns over the increased supply.