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Bitcoin Surges Past 100000 Amid Optimism for Pro Crypto Regulatory Changes
Bitcoin surged past $100,000 for the first time, reaching $102,874.00, following President-elect Donald Trump's announcement of Paul Atkins as SEC chair, signaling a potential shift towards a more favorable regulatory environment for cryptocurrencies. Federal Reserve chair Jerome Powell likened bitcoin to digital gold, while institutional interest grows with the launch of spot bitcoin ETFs by major firms. Optimism surrounds the new administration's pro-crypto initiatives, suggesting a significant shift towards mainstream acceptance of digital assets.
Charles Schwab plans to enter spot cryptocurrency trading with regulatory changes
Charles Schwab Corp.'s incoming CEO, Rick Wurster, announced plans to offer spot cryptocurrency trading once US regulations become more favorable, a shift anticipated with the upcoming administration of President-elect Donald Trump. Wurster expressed confidence in the regulatory environment changing and stated that the firm is preparing for this eventuality during a recent Bloomberg Radio interview.
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