President-elect Donald Trump celebrated Bitcoin reaching the $100,000 milestone on his Truth Social platform, taking credit for the rise in price and promising to continue making America great again. The cryptocurrency saw a significant increase in value following Trump’s election victory in November and has continued to rise, up more than 130% year to date. The crypto community has embraced Trump’s support, with some crediting him for the latest price rally and praising his recent cabinet pick of Paul Atkins to head the Securities and Exchange Commission, recognizing the importance of digital assets and innovation. Atkins, known for working with crypto industry clients and advocating for best practices in regulating crypto, is expected to bring a more favorable approach to the crypto world at the SEC. Other incoming members of Trump’s administration, including his Treasury Secretary nominee Scott Bessent, have also expressed support for cryptocurrencies and blockchain technology. Trump, who has made courting the crypto community a cornerstone of his presidential run, has pledged to make America the “crypto capital of the planet” and implement regulations that support the industry. With the new administration’s strong support for cryptocurrencies, the future looks promising for the digital asset market in the US.
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Trump boasts about bitcoin soaring to $100,000 under pro-crypto administration and new SEC selection
