Bitcoin surges above $100,000 for the first time as Trump picks pro-crypto SEC chair
CNN
Bitcoin hit $100,000 for the first time late Wednesday, surging to a new record after President-elect Donald Trump unveiled administration picks seen as holding the keys to ushering in crypto-friendly policies when he takes office in January.
Bitcoin hit $100,000 for the first time late Wednesday, surging to a new record after President-elect Donald Trump unveiled administration picks seen as holding the keys to ushering in crypto-friendly policies when he takes office in January. Chief among the picks is Paul Atkins, whom Trump intends to nominate to lead the Securities and Exchange Commission (SEC), which regulates cryptocurrency. Atkins, a crypto advocate and former SEC commissioner, is expected to regulate cryptocurrency with a lighter touch than Gary Gensler, who leads the commission under the Biden administration. Gensler, who aggressively fought the industry’s expansion in the US, is set to resign on Inauguration Day. Bitcoin touched $100,000 just hours after Atkins was announced as Trump’s choice for SEC chair. By Thursday morning it rose above $103,000. The new milestone builds on the stunning rally set in motion since Trump was projected to win the presidency on November 6, which fueled a $6,000 one-day spike in bitcoin that brought it to a new record above $74,000. A week later, it hit $90,000. “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!!” Trump said in a post on Truth Social Thursday morning.
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