TeraWulf (WULF), MicroStrategy (MSTR) and Mara's (MARA) shares jumped in recent trading on Friday following news that President-elect Donald Trump plans to issue an executive order upgrading crypto as a policy priority, Bloomberg reported, citing people familiar with the plans.
The executive order is expected to designate cryptocurrency as a national imperative, guiding government agencies to collaborate with the industry, the sources said. It will also create a crypto advisory council aimed at advocating for the sector's policy priorities, according to the report.
TeraWulf, Microstrategy and Mara did not immediately respond to MT Newswires' requests for comments.
Shares of TeraWulf, Microstrategy and Mara were up over 12%, 7% and 12% in recent trading, respectively.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.
Price: 6.56, Change: +0.71, Percent Change: +12.19
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.