Bloomberg: New SEC chairperson'almost certainly 'will make crypto market regulatory environments less hostile
2025-01-02 09:01:58
Bloomberg columnists Marcus Ashworth and Mark Gilbert have a key message for 2025: Fasten your seatbelts, it's going to be a roller coaster ride. On the question of where Bitcoin lies in the future, they point to Nobel laureate economist Paul Krugman, who posted on the Bluesky social platform last month that while Bitcoin has broken through $100,000, there is still no legitimate use case even after 15 years. The recent jump in bitcoin prices has at least one identifiable incentive: the hope that the Trump administration will take a more accommodative approach to cryptocurrencies is likely to be fulfilled under incoming Securities and Exchange Commission Chairperson Paul Atkins, who is seen as more friendly to the crypto market than his predecessor and whose regulatory environments will almost certainly become less hostile.
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