Bitcoin tops $100,000 after Trump picks crypto-friendly SEC chair
Al Jazeera
Cryptocurrency surges to new high after Paul Atkins is nominated to head the Securities and Exchange Commission.
Bitcoin has topped $100,000 for the first time, buoyed by United States President-elect Donald Trump’s decision to nominate a cryptocurrency advocate to lead the country’s securities regulator.
The world’s most popular cryptocurrency surged past $103,000 on Thursday, continuing an explosive rally that has seen it more than double in value this year.
“Bitcoin’s surge past the $100,000 mark is not just a milestone; it represents a pivotal moment for the cryptocurrency industry,” said Jeff Mei, COO at digital asset exchange BTSE.
The latest surge comes after Trump named Paul Atkins, who is viewed as an advocate of looser regulation of digital assets, as his pick to lead the Securities and Exchange Commission.
In an announcement on Truth Social, Trump described Atkins, the CEO of Patomak Partners, as a “proven leader for common sense regulations”.
