Bitcoin broke $100 000 for the first time as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator.
Bitcoin broke $100 000 for the first time as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator. Image: Ozan KOSE / AFPBitcoin broke $100 000 for the first time as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator.Bitcoin broke $100 000 for the first time as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator.
“Paul is a proven leader for common sense regulations,” Trump said in a statement that emphasised Atkins’ commitment to “robust, innovative” capital markets. “This strategic move has electrified the crypto community, fueling investor optimism about a potentially more accommodating regulatory landscape under Atkins’ watch, aligning with broader Republican advocacy for a lenient approach to the flourishing digital asset market.”Despite having once branded cryptocurrencies a “scam”, Trump changed his stance and has been a major advocate of the unit during his election campaign.
And Samer Hasn, of XS.com, added that the prospect of relaxed regulation was fuelling “the hope of seeing cryptocurrencies integrate more deeply into the economic life” of the country.
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