The new US President Donald Trump -led government has taken a major decision for the crypto segment. Regulatory framework will be prepared in the US for cryptocurrency. During his election campaign, Trump indicated that Bitcoin’s reserve and a policy in favor of Crypto. However, the Federal Reserve disagreed over the plan to create a reserve of bitcoin.

This led to a lot of rise in the Crypto market. The most popular cryptocurrency bitcoin’s price also set a record level. However, this market had declined drastically due to no mention of Crypto in the first address after Trump became president earlier this week. The US Securities and Exchange Commission (SEC) said on Tuesday that a task force has been created for the purpose of creating a regulatory framework for cryptocurrency. The previous US government took action against many firms associated with Crypto by alleging violation of rules. These firms included coinbase and kraken. However, these firms had misunderstood the allegations of violation of rules.

Institutional investors are increasing interest in this segment. Software maker Microstrategy has bought a large number of bitcoin in the last few weeks. The company has purchased around 11,000 bitcoins for about $ 1.1 billion in the week ended January 19. This is a large number of bite of bitcoins in the 11th consecutive week of microstrate.

The company’s executive chairman, Michael Saylor, has given this information in a post on social media platform x. Miscostrates have about 4,61,000 bitcoins. The company is planning to increase its authorized a class common stock from about 33 crore shares to over 10 billion shares with the aim of raising funds for bite purchases. This increase in shares of this American company will lead to the total number of its outstanding shares and will be close to the American company Alphabet operating Amazon and internet search engine Google. In October last year, Micostrateji reported that it would raise about $ 42 billion by issuing debt sales and shares to buy bitcoins in three years. Its share price has increased by more than 2,500 percent from the beginning of the company’s buying bitcoins.