itcoin">Bitcoin’s valuation has soared past $100,000, triggered by President-elect Donald Trump’s recent decision to nominate Paul Atkins, a proponent of light market regulation, as the new SEC chair. This nomination signals a potential shift towards more lenient cryptocurrency regulations, sparking optimism within the crypto community.
Paul Atkins, known for his stance against overregulation, served as an SEC commissioner under George W. Bush. His nomination aligns with Trump’s regulatory vision and is seen as a positive development for the crypto industry, which has faced strict oversight under current SEC chair Gary Gensler. Gensler has announced his resignation ahead of Trump’s inauguration, despite his term ending in 2026.
This regulatory turnaround comes after itcoin">Bitcoin’s significant rally from $69,374 on Election Day to an unprecedented peak of over $101,512, marking a dramatic rebound from its previous lows. The future of itcoin">Bitcoin’s price remains unpredictable, embodying the volatile nature of the cryptocurrency market.
