As Bitcoin reaches $100k, more good news are coming as we hear that Trump has officially appointed a new SEC Chair in the form of a Paul Atkins. For any Bitcoin/Crypto enthusiast out there that doesn't know Paul Atkins, I do not think we do need to worry and here's why:
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Needless to say, he is experienced and has credibility. Most importantly, he has long been an advocate for digital finance and regulatory practices. I am no Trump but I do think he is the perfect choice. We are about to see a overturn of how SEC functions and I for one is very excited. $100k mark is just the beginning and it can rise more with the help of SEC on our side.
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Needless to say, he is experienced and has credibility. Most importantly, he has long been an advocate for digital finance and regulatory practices. I am no Trump but I do think he is the perfect choice. We are about to see a overturn of how SEC functions and I for one is very excited. $100k mark is just the beginning and it can rise more with the help of SEC on our side.
Any SEC chairman in favor of "dovish" regulations for the crypto/Blockchain industry will be seen with good eyes by the community. Rest assured, Bitcoin doesn't need the government's approval to succeed. It was doing fine without spot ETFs in play. But the government opening its arms to crypto, will make industry grow faster. This means higher market prices for BTC and alts within a short amount of time.
With such impressive results, comes a greater degree of mainstream adoption. There will be FOMO everywhere. Hopefully, Mr. Atkins gets confirmed by Congress to help lead the SEC in the right direction. Kudos to President Trump for choosing the right people to lead in his administration.
