The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week
The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he's sworn in as president next week.and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.
The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics, who say the digital currencies have limited utility and often are just Ponzi schemes. Details about the council and its membership are still unclear, but after winning November’s election, Trump named tech executive and venture capitalistto be the administration’s crypto “czar.” Trump also announced in late December that former North Carolina congressional candidate Bo Hines will be the executive director of the “Presidential Council of Advisers for Digital Assets.”
“As far as general expectations from the Trump Administration, I think one of the best things to bet on is a tone change at the SEC,” said Peter Van Valkenburgh, the executive director of the advocacy group Coin Center.with Bloomberg that he’s proud of his office’s actions to police the crypto industry, which he said is “rife with bad actors.”
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