In the USA – a sharp rise in the shares of cryptocurrency companies

The share price of companies associated with the cryptocurrency industry has increased in the US.

After signed the executive order on cryptocurrencies in the United States, the share price of some cryptocurrency-related companies rose sharply.

The decree obliged the executive authorities to provide conditions for the activities of cryptocurrency companies and caused a significant increase in the value of companies associated with digital assets.

For example, the stock price of MicroStrategy increased by 6.7%.

The total capitalization of the Coinbase exchange platform has also increased by almost 11%.

Stocks and funds that are linked to the blockchain also showed an increase. After the decree was signed, these exchange-traded funds became more famous to investors. For example, the ProShares Bitcoin Strategy ETF increased by 10%. In addition, the stock price of the Valkyrie Bitcoin Strategy ETF also increased by about 10.3%.

Companies engaged in mining cryptocurrencies could obtain the most significant benefit in this situation. For example, the share price of mining giant Riot Blockchain Inc increased by 11.2%. In addition, the capitalization of Marathon Digital Holdings Inc. increased by about 13.5%.

Retail miners and significant funds operating in this area will be able to make the most of it. The US administration seems to have finally realized that it is necessary to support the entire cryptocurrency industry and not to introduce numerous bans.

The fact that the shares of companies related to the cryptocurrency industry have grown significantly shows that the crypto-sphere can increase if you remove bureaucratic barriers.

Perhaps it will lead to the fact that other countries will follow the example of the US administration to improve the situation with the legal regulation of cryptocurrencies. At the same time, it should say that the decree of the new US administration is just the first component of the regulatory framework. Therefore, it is necessary to create a flexible legal system that can quickly respond to changes in the cryptocurrency sphere.

Otherwise, it may turn out that many bureaucratic manipulations will begin. Then the process of regulating cryptocurrencies will slow down again. It will not justify the expectations of significant growth in the shares of companies operating in the digital economy.

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