The value of cryptocurrency has risen in the wake of Donald Trump’s US presidential election. Bitcoin recently surged above $100,000.00 in value for the first time, illustrating optimism within the cryptocurrency market.

This optimism may be rooted in a belief that a Trump administration will permit a pathway towards a crypto-friendly regulatory environment. The proliferation of digital assets, namely the hope for a US-led cryptocurrency market, was a tenet of the Trump campaign. Perhaps indicating an intent to follow through on this tent, the President-Elect recently stated he would appoint a crypto-friendly head of the SEC.

Cryptocurrency is not a part of a well-established regulatory scheme. Ongoing tensions amongst investors, legislators, and others with a stake in this industry over federal securities laws, consumer protection, general market manipulation, and more illustrate a need for improved regulation. The recent spike in Bitcoin value could indicate that the crypto market is prepared for takeoff, and it would benefit those involved and the US generally to adopt a clearer regulatory stance.