BTC price surged to $91,695 in the last 24 hours, finding buyers above $91,000 at the time of writing. The new SEC Chair has just been sworn in and officially took office. Following Gensler’s resignation, Atkins has stepped in as the new head of the SEC, an event of significant importance for cryptocurrencies.
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In a recent statement, Trump called Atkins the “ideal name to bring clarity to the sector with clear regulations on cryptocurrencies.” Atkins’s primary focus will be on cryptocurrencies, and he will work intensively to rectify the issues left by Gensler. During the transition, Mark Uyeda, who served as acting chair, took crucial steps for the industry over the months.
XRP Coin and several other crypto companies had lawsuits against them dropped. Moreover, ongoing meetings facilitate discussions with leading companies in the crypto sector, shaping regulations even now.
After taking his oath in the Oval Office, Atkins stated:
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Currently, Trump is making some significant announcements:
“Atkins is ideal for this job. He gets along well with China and almost every country. The market has risen nicely. The transition period will take some time. This is a transition phase. Europe was ready to exploit us; they are now backing off.”
When asked whether he would take a hard stance against China, Trump responded, “No,” which is a positive sign for cryptocurrencies.
“The tariffs on China will decrease significantly. It won’t be something close to 145%, and China will be satisfied.” – Trump
And of course, BTC is on the rise.
