Cash News
Geoff Bennett:
Meantime, the world’s largest cryptocurrency, Bitcoin, hit a record high, rising above the $100,000 mark for the first time yesterday. And it came just hours after president-elect Donald Trump announced cryptocurrency advocate Paul Atkins as his pick to lead the Securities and Exchange Commission.
Mr. Trump, who saw crypto as a scam just a few years back, is now a full supporter, and he took credit for the surge on his TRUTH Social platform, saying: “Congratulations, Bitcoiners. You’re welcome.”
Atkins was an SEC commissioner under former President George W. Bush, and he favors lighter regulation of financial firms.
For more on crypto’s soaring values and the Trump-Atkins connection to all of this, I spoke earlier today with David Yaffe-Bellany. He’s a technology reporter who covers the crypto industry for The New York Times.
Thanks for being with us.