By Reuters
US-listed cryptocurrency stocks rose in premarket trading on Friday as bitcoin surged to a record high on growing optimism that regulatory hurdles would soon begin to ease.
The upbeat sentiment is a result of court rulings and policy signals suggesting a shift toward clearer oversight instead of outright crackdowns, which had led to years-long standoff between crypto firms and U.S. regulators.
The world鈥檚 largest cryptocurrency was last up 3.9% at $118,018.25, taking its gains for the year to nearly 26%. The digital asset has surged nearly 41% in the last three months.
Next week, the House of Representatives will debate three major crypto bills, the Genius Act, the Clarity Act and the Anti-CBDC Surveillance State Act in a bid to give the industry the regulatory transparency it has long demanded.
It is a sharp reversal of fortune for a sector that once threatened to flee offshore, citing a hostile environment and heavy-handed enforcement in the U.S.
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