Bitcoin Surges to $69,000 due to Speculated SEC Leadership Changes

At the time of writing, BTC reached $69,000, a level not seen in over 80 days. This surge is primarily attributed to allegations of leaks from Kamala Harris’s team. If these reports are accurate, the SEC may soon appoint a new chairperson who is more favorable towards cryptocurrencies.

Potential Changes in SEC Leadership

With November 5 fast approaching, excitement grips crypto enthusiasts. If Trump wins the election, the SEC chair will likely change within 24 hours. However, speculation surrounds what Kamala Harris will do, especially concerning the future of cryptocurrency regulations under a new leadership, moving away from Gary Gensler, who has been known for his stringent policies against crypto companies.

Candidates for SEC Chair

Reports suggest that someone with a more positive outlook on cryptocurrency than Gensler may take over the SEC chair position. Georgetown Law professor Chris Brummer and PCAOB Chair Erica Williams are highlighted as strong candidates for this role.

Following the leaks, while BTC managed to test the $69,000 level, it has not yet closed above this threshold.