Bitcoin regulation – Page 51

Crypto-related stocks jump in positive reaction to executive order

Crypto and blockchain-related companies have enjoyed a surge in prices after the market received Joe Biden’s executive order with open arms.

“The proverbial doors of policymakers are wide open, this is now a national conversation in the U.S.,” said Circle CEO Jeremy Allaire.

The document does not announce any restrictive measures, but it will undoubtedly lay the groundwork for a more focused federal oversight.

The catastrophe unfolding in Ukraine will have long-lasting consequences for the crypto space, too.

Much like other activity in the digital asset space, crypto lobbying has been picking up during the past year.

Despite an increase in economic sanctions on Russia, the amount of crypto being purchased in rubles across major exchanges continues to fall.