Bitcoin Hits $104K as Trump Taps Crypto-Friendly Lawyer for SEC Chair

President-elect Donald Trump has nominated Paul Atkins, a seasoned Washington attorney known for his support of digital assets, to chair the US Securities and Exchange Commission (SEC). Atkins’ nomination comes at a pivotal moment as Bitcoin surged to a new all-time high of $104K, driven by expectations that the Trump administration will ease regulatory pressures on cryptocurrency.

Bitcoin’s rise follows concerns under outgoing SEC chair Gary Gensler, whose stricter stance on crypto regulations has been seen as a barrier to the sector’s growth. With Atkins, a vocal advocate for crypto, poised to take the helm of the SEC, many believe that the digital asset market could experience a more favorable regulatory environment under the incoming administration.