Bitcoin (BTC-USD) passes the $100,000 mark after President-elect Donald Trump names crypto enthusiast Paul Atkins as his pick to fill the soon-to-be empty chair position at the Securities and Exchange Commission (SEC). The rally was supported by comments from Federal Reserve Chair Jerome Powell who said bitcoin is a competitor to gold (GC=F), not the US dollar (DX=F).
The Digital Chamber Founder Perianne Boring joins Brad Smith and Madison Mills on Morning Brief to discuss the major bitcoin milestone and what’s next for crypto.
Boring says Trump picking Atkins to lead the SEC is “very, very bullish news for digital asset markets. For many, many years, the industry has really been against significant regulatory headwinds by the SEC as well as the [Commodity Futures Trading Commission].”
“We are just starting to see this. The implications of having a pro-crypto administration, Congress, and SEC regulatory heads, and getting all that cleared up is having a huge impact on bringing these markets back and a direct impact on the price of bitcoin right now.”
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This post was written by Naomi Buchanan.
