Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
President-elect Donald Trump is wasting no time asserting his claims to bitcoin's price rise — and the wealth it is creating for owners of the digital asset. In a post early Thursday on his Truth Social platform, Trump wrote: 'CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!' The cryptocurrency notched the six-figure milestone late Wednesday, after spending several weeks hovering in the $90,000 range.
Digital token fans have criticized the tenure of outgoing SEC Chair Gary Gensler for taking a punitive approach on the crypto world. 'It’s impossible to express the magnitude of the shift we’re likely to see at an SEC run by Paul Atkins,' wrote Jake Chervinsky, chief legal officer for financial technology group Variant. 'Crypto has literally never existed without the overhang of uncertainty or hostility from US regulators.
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