Trump: Shares of companies connected to the cryptocurrency sector rose significantly on Wednesday. Investors are reacting to signals from Washington that suggest a possible shift in American policy toward more favorable regulation of digital assets. The optimism immediately reflected not only in cryptocurrency prices but also in stocks of companies operating in this sector.
Bitcoin itself recorded the strongest movement. The world’s largest cryptocurrency rose more than 7.6% over 24 hours and according to CoinGecko data was trading at approximately $72,500. Ether also rose significantly, gaining more than 8.3% and reaching around $2,132.
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Cryptocurrency stocks surge sharply
Along with the rise in cryptocurrencies, shares of companies whose business is closely tied to digital assets have also risen significantly.
For example, MicroStrategy, which holds large amounts of bitcoin on its balance sheet and operates as a so-called “bitcoin treasury” company, gained more than 10% during trading. Cryptocurrency exchange Coinbase recorded an even more dramatic increase, with its shares jumping more than 14%.
Cryptocurrency miners also recorded strong gains. Hut 8’s shares rose 13.89% and American Bitcoin Corp gained 11.65%.
According to analysts, this growth is primarily driven by expectations of clearer cryptocurrency regulation in the United States.
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Regulation could be clearer
Dominick John, analyst at Zeus Research, told Cointelegraph that investors are primarily reacting to a shift in how regulatory risk is perceived.
“Shares of cryptocurrency companies are rising because regulatory risk is being fundamentally reassessed. The executive branch is beginning to support a clear framework for digital assets, strengthened by strong capital inflows into spot ETFs and the possibility of the CLARITY Act being adopted,” he explained.
American regulators have also begun gradually preparing concrete steps to oversee this sector. The Commodity Futures Trading Commission (CFTC), for example, has launched a regulatory review of prediction contract markets.
The U.S. Securities and Exchange Commission (SEC) also submitted a request on Tuesday regarding the interpretation of federal securities laws and their application to certain cryptocurrency transactions.
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Trump: “We want to dominate in crypto”
Statements by U.S. President Donald Trump have also contributed to market growth. In recent days, he has sharply criticized American banks while pushing for the adoption of legislation on cryptocurrency market structure in the Senate.
During a press conference at the White House, he stated that the United States wants to be a global leader in the cryptocurrency field.
“We want to dominate in crypto. We want to dominate in everything we do,” he said according to Fox 2 Detroit.
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