Bitcoin surges to $93K as Paul Atkins says crypto regulations top priority
The newly appointed U.S. Securities and Exchange Commission (SEC) chair Paul Atkins claimed that the top priority in his tenure would be to ensure a clear regulatory foundation for digital assets, while addressing media in front of President Donald Trump. Bitcoin saw a sharp spike in its price, surging to $93,000, minutes after Atkin’s statements.
Atkin’s ascent to SEC chair comes after a highly turbulent and controversial tenure of former chair Gary Gensler under President Biden regime, who had built a reputation for allegedly targeting crypto businesses and exchanges. Atkins, a Bitcoin aficionado, is considered close to President Trump and his nomination to SEC chair is hailed as a major victory for the crypto industry.
