listed crypto stocks jump after Trump's pro-bitcoin speech
By Niket Nishant
July 29 (Reuters) -Shares of New York-listed cryptocurrency firms gained before the open on Monday after Republican presidential candidate Donald Trump talked up bitcoin and promised friendlier regulation for the industry.
Crypto exchange Coinbase's COIN.O shares climbed 3.7%, while miners Bitfarms BITF.O, Riot Platforms RIOT.O and CleanSpark CLSK.O were up between 3.4% and 4.5%.
"The crypto market interprets a scenario of a Trump win as more positive for crypto, in view of the Biden administration's strong regulatory crackdown on crypto and pro-bitcoin statements by Trump," Bernstein analysts wrote in a note.
Crypto executives have often complained of excessive oversight and a hostile regulatory environment under President Joe Biden.
But the Securities and Exchange Commission Chair Gary Gensler, the administration's top cop for crypto enforcement, has defended his view of the industry, citing the wild volatility and speculative nature of tokens like bitcoin.
Still, crypto has rapidly moved from the fringes of the financial world to the mainstream, helped by institutional investors' backing and the approval of exchange-traded funds tied to spot price of bitcoin and ether.
A Trump win could boost the industry further. On Saturday, he said his administration would create a national "stockpile" of bitcoin using the crypto the U.S. government currently holds that was largely seized in law enforcement actions.
The Republican candidate has also said previously that he wants all the remaining bitcoin to be mined in the United States.
"The Goldilocks scenario for bitcoin mining is emerging," Bernstein wrote.
Bitcoin BTC= also jumped as much as 2.4% to its highest since mid-June.
Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
