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.
“A top priority for my chairmanship would be to provide firm regulatory foundation for digital assets. Through rational coherence and principled approach, we will ensure that United State is the best and most secure place in the world to do business,” said Atkins.
Immediately after Atkin’s address, the price of Bitcoin surged sharply, witnessing 6.5% rise in 24 hours. At the time of writing of this report, Bitcoin was valued at $93,000. BTC recovered from a low of $84,000 on April 20 to a high of $93K within 48 hours.
Also Read: Who Is Paul Atkins? Will He Make America Crypto Capital?
