The price of bitcoin surged above $100,000 for the first time as Eric Trump, executive vice president of the Trump organization, expressed his family’s enthusiasm for cryptocurrency and support for regulatory measures that would make the US a “crypto capital of the world”.
Speaking to CNBC in Abu Dhabi, UAE, Eric Trump said he has been a “big fan” of crypto for a long time. His comments come as investors increasingly expect the new administration to cement the industry’s place in financial markets.
Eric Trump believes that regulatory guidelines can help the US become a cryptocurrency superpower and sees his father’s presidency as an opportunity to make America a leader in this space. He stated, “I think America will be the crypto capital of the world. I fully support it.”
The appointment of Paul Atkins as chair of the Securities and Exchange Commission is seen as part of President-elect Donald Trump’s efforts to fulfill campaign promises to the crypto industry. Eric Trump also mentioned that his father plans to implement transparent regulatory measures.
Additionally, Eric Trump expressed his admiration for Elon Musk, calling him “the modern-day Albert Einstein” and highlighting his potential role in shaping the White House’s policy agenda.
Source: https://www.cnbc.com/2024/12/09/us-can-become-crypto-superpower-with-sensible-regulation-eric-trump.html