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COINTURK NEWS > Cryptocurrency News > Bitcoin Price Surges as New SEC Chair Takes Charge and Promises Clarity
Cryptocurrency News

Bitcoin Price Surges as New SEC Chair Takes Charge and Promises Clarity

In Brief

  • Bitcoin's price has significantly increased amid new SEC leadership.

  • Trump supports the new SEC Chair as an ideal candidate for cryptocurrency regulations.

  • Continued discussions with crypto companies are shaping regulatory frameworks.

Fatih Uçar
Fatih Uçar 1 month ago
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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.

Latest News on Cryptocurrencies

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:

“A new day at the SEC. We must put an end to the irregularities at the Securities and Exchange Commission.”

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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 23 April, 2025 - 12:30 am 23 April, 2025 - 12:30 am
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