U.S. Stock Movement | Bitcoin concept stocks rise, Robinhood up over 5.6%

On Monday, Bitcoin concept stocks rose. As of the time of publication, Robinhood was up over 5.6%, Bitmine Immersion Technologies was up over 5.7%, SharpLink Gaming was up over 5.5%, Strategy was up 2.6%, Bitfarms was up over 1.5%, and Iren Ltd was up over 3.4%. In terms of news, Trump has nominated Michael Selig to serve as the Chairman of the Commodity Futures Trading Commission (CFTC). Selig is currently the Chief Legal Advisor for the CFTC's cryptocurrency working group, and this appointment is seen as a significant victory for the digital asset industry. The Trump administration is actively reshaping the regulation of the digital asset industry through new legislation. Selig's appointment is expected to accelerate this process, providing clearer guidance for cryptocurrency companies and investors seeking compliance pathways