President-elect Donald Trump is taking credit for the recent surge in Bitcoin’s price, which reached $100,000. He praised Bitcoin holders on his Truth Social platform and promised to “Make America Great Again” with their support. Bitcoin’s price has soared following Trump’s victory in the November election, increasing by $20,000 in just seven days. Trump’s nomination of Paul Atkins to head the Securities and Exchange Commission has also been perceived positively by the cryptocurrency community, as Atkins is known for his support of digital assets and innovation. Atkins has worked with the Chamber of Digital Commerce and the Token Alliance to develop best practices for regulating crypto. This shift in leadership at the SEC is seen as a turning point for the crypto industry, as Atkins is expected to take a more supportive approach compared to his predecessor, Gary Gensler. Other members of the incoming Trump administration, such as Treasury Secretary nominee Scott Bessent, have also expressed support for cryptocurrencies. Trump’s focus on crypto during his presidential campaign, including a keynote speech at a Bitcoin conference, demonstrates his commitment to making America the “crypto capital of the planet” with industry-friendly regulations.
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