Bitcoin Climbs With Harris Pledging Regulatory Framework Support
(Bloomberg) — Bitcoin climbed to the highest level in two weeks with Vice President Kamala Harris pledging to support a regulatory framework for cryptocurrencies.
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The promise added to optimism seen during Asian trading hours that a mixed reaction to China’s latest stimulus will embolden speculators to chase after cryptocurrencies rather than the nation’s stocks.
The largest digital asset rose as much as 5.6% on Monday before paring some of the increase to change hands at $65,585 as of 2:04 p.m. in New York. Smaller tokens including second-ranked Ether and top-10 coin Solana advanced too.
The pledge by Harris to support a framework follows years of complaints by crypto industry officials that US officials have…
