Riot Platforms and other cryptocurrency stocks jumped in premarket trading on Thursday. U.S. President Donald Trump called for Congress to pass a fair version of the Clarity Act to regulate the digital asset industry. The push followed a White House meeting between Trump and industry executives.
Riot Platforms shares rose between 3% and 6% during early trading. Bitcoin’s price climbed past $71,000 as the broader crypto market rallied.
Investors view a defined U.S. regulatory framework as a significant positive catalyst. Clear rules could reduce market uncertainty and encourage further investment in the sector.