Bitcoin in all-time high mode amid emerging hope for a crypto renaissance.

This is CoinS Daily.

I'm your host, Christine Lee.

Bitcoin soaring to a new record past $76,000 late Wednesday,

continuing to ride the jubilation around Donald Trump's U.S. election victory.

Many folks on Twitter believe this will usher in a crypto renaissance. Framework Ventures co-founder

Van Spencer posting, hard to describe how tough it was to operate a $1 billion-plus crypto fund

during the Democratic reign. One morning, the banks we use get shut by the government and no one

would take our business.

LP's questioning of crypto will survive in any form. Founders getting sued weekly.

Constant surveillance sweeps. It's all gone now like tears in rain.

Another VC Adam Cochran remarking, for this industry, there is now two to four years of unchecked progress to be had.

And on the more critical side, attorney Stephen Pally is saying, quote, the open question is whether more

laissez-faire regulation or the abses of it will lead to more useful technology or the creation

of a thousand more decentralized social hat-sharing apps and rug pulls that follow. My prediction,

enforcement drops, civil litigation will

skyrocket. Donald Trump's administration will likely provide a more positive environment for

cryptocurrencies, asset manager CoinShare's blogging that one of the most anticipated developments

is the possible adoption of the Bitcoin Act. CoinShare's head of research, James Butterfield,

writing, quote, this proposal

would establish Bitcoin as a strategic reserve asset, with the U.S. government acquiring up to

5% of Bitcoin's total supply. President-elect Trump promised to establish a Bitcoin reserve in the run-up

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