Bitcoin hit an all-time high of $103,800 following President-elect Donald Trump’s announcement of Paul Atkins as the next Chair of the Securities and Exchange Commission (SEC). Atkins, known for his crypto-friendly stance, has sparked optimism among investors, sending Bitcoin on a historic rally.
What happened?
Trump’s decision to nominate Atkins, a former SEC commissioner, signals a shift toward a more lenient regulatory approach for digital assets. Bitcoin’s price jumped over 50% since Trump’s election win in November, with the latest surge pushing it past the $100,000 milestone.
Why it matters
Atkins is widely expected to contrast with his predecessor, Gary Gensler, whose stricter policies often challenged the crypto industry. With Atkins at the helm, the market anticipates clearer rules and a more supportive environment for innovation, potentially driving broader adoption of cryptocurrencies.
Looking ahead
Bitcoin’s record-breaking run reflects growing confidence in the future of crypto under a pro-digital asset administration. As excitement builds, all eyes are on what this new era will mean for Bitcoin and the broader crypto market.
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