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Trump claims credit for bitcoin's surge as pro-crypto administration takes shape with SEC pick

^{Published on 2024-12-05 16:01:11 - MSN}
 

• 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.

The article from MSN discusses former President Donald Trump's claim of being responsible for the recent surge in Bitcoin's value, attributing it to his influence and the pro-crypto stance of his administration. Trump's comments come in the context of his potential influence over the SEC, with speculation around his possible picks for SEC chair, like Hester Peirce, known for her pro-cryptocurrency views. This has led to optimism in the crypto market, with Bitcoin experiencing significant gains. The article also touches on the broader implications of a pro-crypto administration, suggesting that regulatory clarity and a favorable environment could further boost cryptocurrency adoption and investment. However, it also notes the inherent volatility and regulatory challenges that cryptocurrencies face, regardless of political endorsements.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/trump-claims-credit-for-bitcoin-s-surge-as-pro-crypto-administration-takes-shape-with-sec-pick/ar-AA1vkPQ6 ]

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