Fox & Friends Weekend co-host Pete Hegseth comments on the alleged Biden-Harris policy that President Trump intends to reverse in his second administration, and reacts to the soaring price of Bitcoin.
Following the record price rise of Bitcoin President-elect Trump's Election victories continued on Monday, sending the cryptocurrency to a new all-time high above $84,000.
bitcoin price It rose from less than $80,500 to a new record of more than $84,500, more than 17% since Nov. 6, when President Trump secured a return to the White House by defeating his Democratic rival, Vice President Kamala Harris. rose.
Prices were on the rise on election day as traders bet the winner would adopt a more favorable regulatory approach to Bitcoin and other cryptocurrencies after Trump and Harris pledged to support emerging markets. was rising.
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “Bitcoin speculators are betting on a tougher regulatory environment, with regulators building up crypto reserve funds and continuing to stimulate demand. I hope that this will lead to.”
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The price of Bitcoin skyrocketed following President-elect Trump's victory. (Brett Carlsen/Bloomberg via Getty Images/Getty Images)
Investors who bet on the world's largest Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF, have lost nearly $37 million since Election Day.
During his campaign, Trump said he wanted to embrace cryptocurrencies and turn the United States into a “nation.”Earth's crypto assets” and “The World’s Bitcoin Superpower.”
President-elect Trump has said he will work to support the cryptocurrency and digital asset industry. (Reuters/Kevin Wurm/File Photo/Reuters Photo)
He also said he will replace Commissioner Gary Gensler. Securities and Exchange Commission (SEC)carried out a regulatory crackdown on the digital asset industry to root out bad actors. By law, President Trump can only fire Gensler as SEC chairman, and he can remain on the commission until his term expires in June 2026.
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SEC Chairman Gary Gensler is cracking down on the cryptocurrency industry to root out bad actors. (Kevin Dietsch/Getty Images/Getty Images)
President Trump also established a Cryptocurrency Advisory Council and said his administration would take a more favorable regulatory approach to cryptocurrencies. digital assets.
SEC Commissioner Mark Ueda, one of two Republican commissioners likely to become acting chairman when President Trump takes office in January, told FOX Business that he would not register until clear rules are established. He said one path forward would be to suspend new enforcement actions. Roads must be maintained.
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“The European Commission’s war on virtual currencies, including virtual currency enforcement actions based solely on registration failures with no allegations of fraud or harm, must end,” Ueda said.
“President Trump and the American voters have sent a clear message. Starting in 2025, the SEC's role will be to carry out that mission,” he added.
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FOX Business' Eleanor Terrett and Reuters contributed to this report.
