Bitcoin broke out of a months long trading range, surging as much as 7.7%, amid optimism on the regulatory front with industry officials gathering at the White House.
President Donald Trump is slated to be joined by executives from firms such as Coinbase Global Inc., Payward Inc. and Blockchain.com Group Holdings Inc. Crypto and prediction markets are two growing sectors that the Trump administration has sought to boost with an industry friendly regulatory framework. But despite having an advocate in the White House, crypto industry leaders are worried about cementing those regulatory gains and are pushing for passage of a landmark digital assets bill.