Politics makes strange bedfellows. U.S. lawmakers from both parties are pushing for forward-thinking regulation for not just crypto, but psychedelics as well.
Ballooning attention, funding and social acceptance since 2018 have helped psychedelic stocks rise rapidly, with some volatility. Though the whole sector is expected to grow at a compound annual growth rate of 11.5% between 2021 and 2026, topping $6.4 billion by 2028, the hype appeared to hit its plateau in January 2021 before sliding to unforeseen lows starting in April 2022.
In this regard, the arc of psychedelics illustrated from a financial perspective echoes the historical volatility of cryptocurrency markets, particularly in reaction to inconsistent legal controls based on decades-old regulations for their respective sectors. Dips in psychedelics stocks relate to projections for when the waiting ends. Crypto has been moving since the start.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Markets Analysis: Crypto Long Positions Surging Among Asset ManagersThe most recent Commitment of Traders report shows asset managers with reportable positions are now 99.19% long bitcoin. But will the current crypto market euphoria continue?
Read more »
‘Crypto Mom’ Hester Peirce: SEC ‘Disappoints’ When It Comes to Crypto“We just haven't made progress in the five years I've been here,' Crypto Mom Hester Peirce told Rob_Stevens_ in the run up to Consensus2023.
Read more »
Binance Gift Card: Your Crypto Business Solution | BinanceIf you're looking to scale your business through crypto, Binance Gift Card could be the answer for you. Why? 🔸 Zero fees 🔸 Access to 270+ cryptocurrencies, and many fiat currencies 🔸 Offer loyalty rewards And more ➡️
Read more »
Hong Kong securities regulator adds crypto personnel for industry supervisionAccording to the statement, the development is a response to increasing numbers of operators wishing to carry out virtual asset-related activities.
Read more »
For Super Bowl ads this year, crypto is out, booze is inNEW YORK (AP) — The hottest ticket in town for advertisers is officially sold out. Fox said Monday that in-game ads for Super Bowl LVII have all been sold. The big game between the Kansas City Chiefs and the Philadelphia Eagles takes place on Sunday.
Read more »