- Title: Bitcoin tops $100,000 on optimism over Trump crypto plans
- Date: 13th May 2022
- Summary: NEW YORK CITY, NEW YORK, UNITED STATES (FILE - JULY 26, 2023) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** BANKMAN-FRIED DEPARTING MANHATTAN FEDERAL COURTHOUSE Then Binance Chief Executive Officer Changpeng Zhao, known as CZ, said regulation rather than opposition of the crypto sector is a better option for world governments as digital currencies become more mainstream. ATHENS, GREECE (FILE - NOVEMBER 25, 2022) (REUTERS) VARIOUS OF BINANCE CEO, CHANGPENG ZHAO, POSING FOR PHOTOS AND TAKING SELFIES WITH PEOPLE AT EVENT (SOUNDBITE) (English) THEN BINANCE CEO, CHANGPENG ZHAO, SAYING: "I think most governments now understand that adoption will happen regardless. It is better to regulate the industry than try to fight against it."
- Embargoed: 27th May 2022 14:32
- Keywords: Binance Bitcoin Bitkub ETF El Salvador FILE SEC Securities and Exchange Commission crypto cryptocurrency market
- Location: VARIOUS LOCATIONS
- City: VARIOUS LOCATIONS
- Country: Various
- Topics: Economic Events
- Reuters ID: LVA006781413052022RP1
- Aspect Ratio: 16:9
- Story Text:Bitcoin rose above $100,000 for the first time on Thursday (December 5) as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.
Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump's sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.
More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance, despite naysayers and a history of controversies.
Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin.
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