Donald Trump has selected a new President for the Securities and Exchange Commission (SEC) who is favorable towards cryptocurrency. This new leadership is expected to bring a more crypto-friendly climate to the SEC, influencing market dynamics positively.
The appointment has buoyed the crypto markets, with Bitcoin experiencing a significant rally. The price of Bitcoin has exceeded $100,000, largely spurred by the support from Asian markets.
This development reflects a renewed optimism in the cryptocurrency world and suggests potential for further growth and mainstream acceptance.
