Is the United States the crypto capital of the world? – Boston University News Service

Concerns about Bitcoin surpassing the U.S. dollar have existed until now. Photo Courtesy of David McBee/Pexels.

By Alissa Yoon

Boston University News Service

Technology has revolutionized fields like medicine, electronics and transportation, but one area has remained largely untouched until now: money. 

President-elect Donald Trump’s pro-crypto stance has led to a 45% surge in the value of Bitcoin since the election, with the world’s largest trade recently reaching $102,900, according to Reuters

Gary Gensler, former Securities and Exchange Commission chair during President Joseph Biden’s administration, brought actions against cryptocurrency businesses for fraud and laundering money, according to the…

Source link