Trump promotes cryptocurrency regulatory framework, Bitcoin surges, driving crypto stocks higher across the board

March 5 News: U.S. President Donald Trump recently expressed support for the digital asset industry in public appearances. Meanwhile, U.S. regulators are advancing discussions on cryptocurrency regulatory frameworks, boosting market sentiment. As policy expectations heat up, Bitcoin prices and several crypto-related stocks have risen in tandem, with digital asset companies experiencing significant gains.

Market data shows that Bitcoin has increased by about 7% in the past 24 hours, reaching approximately $72,000 at one point. At the same time, multiple publicly traded companies related to the digital asset ecosystem have seen their stock prices rise. Notably, Strategy, which holds large amounts of Bitcoin, surged over 10%, COIN increased by more than 14%, mining company Hut 8 rose about 13.9%, and American Bitcoin Corp also gained over 11%.

Zeus Research analyst Dominick John stated that one of the key drivers of this rally is the potential change in the U.S. regulatory environment. As government agencies push to establish clearer digital asset regulations and market expectations for the passage of the Clarity Act grow stronger, investor confidence in the industry’s long-term prospects has improved. Additionally, continuous inflows into spot Bitcoin ETFs have further strengthened institutional investor participation.

Recently, major U.S. regulatory agencies have also been advancing related policy research. The Commodity Futures Trading Commission (CFTC) has submitted a regulatory review application for prediction markets, while the Securities and Exchange Commission (SEC) has released documents exploring the applicability of federal securities laws to certain digital asset transactions. These measures are seen as important steps by the U.S. government to clarify the boundaries of crypto industry regulation.

Trump’s public statements have also influenced market sentiment. During a White House press conference, he stated that the U.S. aims to remain a leader in the cryptocurrency space and called on Congress to accelerate the passage of the Digital Asset Market Structure Act. Crypto research platform analyst Pav Hundal pointed out that the market’s reaction to policy changes is evident, and the rise of crypto-related stocks partly reflects investor optimism about regulatory improvements.

However, analysts also warn that if future legislative progress stalls or Bitcoin prices experience a significant correction, the current upward trend in crypto stocks could be affected. Some companies’ stock prices are highly dependent on Bitcoin’s market performance; if core asset prices become more volatile, related stocks may also see rapid adjustments.