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Trump's SEC Nominee Paul Atkins Signals New Era for Crypto, Bitcoin Surges Past $100,000

Dec 10, 2024, 01:04 PM

President-elect Donald Trump's nomination of Paul Atkins to lead the Securities and Exchange Commission (SEC) has been met with enthusiasm from the cryptocurrency industry. Atkins, known for his criticism of the Public Company Accounting Oversight Board and his pro-crypto stance, could potentially steer the SEC towards a more favorable regulatory environment for digital assets. Ripple executives have expressed optimism, suggesting that this could mark the beginning of a new era for cryptocurrencies, characterized by common sense, freedom, and growth. The announcement has also led to a significant increase in Bitcoin's price, surpassing $100,000 shortly after the news broke. Atkins has previously blamed the US government for the collapse of Sam Bankman-Fried’s FTX crypto exchange.