Crypto stocks surge after Trump regulation

Cryptocurrency and blockchain technology company stocks rose after U.S. President Trump called on Congress to pass legislation regulating the sector, including classifying cryptocurrencies as assets or securities and clarifying regulatory jurisdictions. This appeal contributed to a significant surge in the prices of major cryptocurrencies like Bitcoin, which surpassed $70,000, as well as a rise in the shares of companies such as Coinbase and Strategi by between 8% and 10%. This occurs amid a sector that has experienced an 18% decline since the beginning of the year, despite recent gains driven by the move towards clear regulation that can curb legal volatility.

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