In 2024, Donald Trump emerged as a pro-crypto president after Bitcoin surpassed 100,000 USD. His administration aims to introduce market-friendly reforms. Paul Atkins, known for innovation, is nominated as SEC Chair, signaling a shift in regulatory focus.
Gary Gensler plans to resign as SEC Chair in January 2025, paving the way for a new approach under Trump. The cryptocurrency industry anticipates a more relaxed regulatory environment, fostering growth and innovation. Analysts remain optimistic about potential ETF approvals.
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