Bitcoin price today: rises to $116.5k on Trump 401k order, altcoins rally
Investing.com -- Paul Atkins, President Donald Trump’s choice to lead the U.S. Securities and Exchange Commission (SEC), has promised that under his leadership, the agency’s regulations will favor the cryptocurrency sector. He further vowed to keep politics from hindering capital formation. The details of his commitment were contained in a prepared testimony that was made public by the Senate on Wednesday.
Atkins outlined in his written remarks that a key focus of his chairmanship would be to collaborate with his fellow Commissioners and Congress. The aim of this collaboration would be to establish a solid regulatory foundation for digital assets. He emphasized the need for a rational, coherent, and principled approach to this task.
Atkins is scheduled to appear for a Senate confirmation hearing on Thursday. His appointment and subsequent commitments indicate a potentially positive development for the cryptocurrency sector, which has been seeking clarity and support from regulatory bodies like the SEC.
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