Bitcoin Breaks First $99K...U.S. SEC Chairman "Resigns Jan. 20"

2024.11.22 AM 10:00
'Pro-Bitcoin' hits all-time high since Trump's election
Bloomberg "Trump Considers New Position In Virtual Currency"
U.S. Securities and Exchange Commission Chairman Gensler "Resigns on Trump's Inauguration Day"
Trump vows to dismiss Gensler on first day in office
[Anchor]
For the first time ever, the price of Bitcoin has exceeded the $99,000 mark.

The chairman of the U.S. Securities and Exchange Commission, who has strongly regulated the cryptocurrency industry, announced his intention to resign, increasing the rise.

Reporter Kim Jandi's report.

[Reporter]
The price of Bitcoin has entered the $99,000 mark for the first time ever, and it is close to $100,000.

According to the virtual asset exchange Coinbase, Bitcoin soared to $99,055 at 2:15 p.m. local time on the 21st, up 11.98% from the previous day.

Bitcoin's price, which stayed below $70,000 earlier this month, has continued to soar since Trump's presidential victory, breaking record highs every day.

[Donald Trump / U.S. President-elect (last July): If cryptocurrency defines the future, I want to have it mined, minted, and produced in the United States. It won't be made anywhere else.]

{친}The rise was sparked by reports that Trump, who promised 'pro-Bitcoin', was considering setting up a new position in charge of virtual currency at the White House.

If the White House has a job dedicated to virtual currency, it will serve as an opportunity to demonstrate the impact that the virtual currency industry will exert under the second Trump administration, Bloomberg reported.

But it's still up in the air whether this position will take full control of the federal government's cryptocurrency policy.

On top of that, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said he would resign on the inauguration day of Trump, raising expectations for the future of virtual assets.

Gensler said he would step down on Jan. 20 next year and that "it was a great honor in life to be able to serve the U.S. capital market to remain the best in the world."

Gensler has been pushing for a crackdown and strong regulation on the virtual currency industry, which has led to opposition from the industry.

Trump, backed by strong support from the virtual currency industry in the presidential election, criticized the SEC's regulatory policy and vowed to dismiss Gensler on his first day in office.

As a result, experts say Bitcoin is likely to surpass $100,000 by the end of this year, predicting that it will gain more momentum in the market in the future.

I'm Kim Jandi from YTN.



Video editing: Yeon Jin-young


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