Trump Celebrates Bitcoin's All-Time High On Truth Social After Nominating Crypto Advocate Paul Atkins To Lead SEC

Benzinga

Bitcoin's price surged past $100,000 for the first time on Wednesday. The new high followed President-elect Donald Trump's nomination of crypto advocate Paul Atkins to lead the U.S. Securities and Exchange Commission. Atkins is a former SEC commissioner and is also the CEO of a firm consulting for cryptocurrency industries. Trump took to Truth Social, claiming credit for the price surge. Trump has expressed plans to make the U.S. the “crypto capital of the planet,” which could benefit his own crypto venture, World Liberty Financial if his administration eases crypto regulations. As of Thursday afternoon, Bitcoin's price dipped below $100,000 but remains over $20,000 higher than its value in June.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin's price surge passed $100,000 for the first time on Wednesday.

00:06The new high followed President-elect Donald Trump's nomination of crypto advocate Paul Atkins

00:11to lead the U.S. Securities and Exchange Commission. Atkins is a former SEC commissioner

00:16and is also CEO of a firm consulting for cryptocurrency industries.

00:20Trump took to Truth Social, claiming credit for the price surge.

00:23Trump has expressed plans to make the U.S. the crypto capital of the planet,

00:27which could benefit his own crypto venture, World Liberty Financial,

00:30if his administration eases crypto regulations. As of Thursday afternoon,

00:34Bitcoin's price dipped below $100,000, but remains over $20,000 higher than its value in June.

00:40For all things money, visit Benzinga.com.

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