What does a Trump administration mean for crypto
Cryptocurrency proponents have plenty to celebrate about President-elect Donald Trump winning a new term.
Bitcoin surpassed $100,000 for the second time ever on Wednesday, after hitting the milestone the first time in early December, a surge fueled by optimism that the Trump administration would be more friendly to the cryptocurrency industry.
“As the election came closer, it became quite clear that if there was going to be a Trump administration, it would essentially be a much more conducive regulatory environment for crypto,” said Eswar Prasad, a professor of trade policy at Cornell University.
In the…
