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Bitcoin hits record $110,000 as Senate approves crypto-regulating GENIUS Act.
Bitcoin reached a record high of over $110,000 in 2021, following the Senate's approval of the GENIUS Act, a bill aimed at regulating digital currencies.
The surge also coincided with concerns over Treasury yields and deficit spending.
Critics argue the bill doesn't address conflicts of interest, while supporters see it as a step towards mainstream adoption.
Meanwhile, concerns arise over former President Trump's involvement in the crypto industry, with critics suggesting his personal profits may be a priority.
Trump's $TRUMP meme coin and other crypto ventures have raised questions about potential conflicts of interest and the industry's credibility.
Bitcoin alcanza un récord de $ 110,000 mientras el Senado aprueba la ley GENIUS que regula las criptomonedas.