Bitcoin is a story of how revolutions are won. Let us now move on to the evolution of the digital financial ecosystem and transform it for the benefit of all citizens.
Shortly following the announcement of President-elect Trump’s pick of Paul Atkins for the SEC Chair on Wednesday December 4, 2024, the price of bitcoin smashed the $100,000 barrier to new all time highs (ATHs).
Commenting on the appointment in his announcement on social media platform Truth, president-elect Trump said, “Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”
Commenting on bitcoin breaking the barrier, crypto pundit Stasher said, “I think this is just the beginning. You know it’s something huge when the Fed Chair refers to bitcoin as virtual gold. All eyes are on crypto now, thanks to Donald Trump and there’s no telling where we go from here. No prediction is too off the charts. I would even believe someone who says $500,000 is coming for bitcoin.
“Why? Because all hurdles are being gradually removed. Financial institutions are keen to invest, the new U.S. government is open to the idea of crypto and governments across the world are building their strategic reserves for bitcoin. Never before did we see a bull run backed by so many positive factors.”
“In the sea of SEC Chair candidates, Paul stands out as a mature, accomplished and respected nominee for the position. I trust that his confirmation will go through with no issues”, said Jennifer Lassiter, former CFPB director, Digital Dollar Project board member, and advisory board member of the Global Digital Finance (GDF), the global association for digital assets advocacy.
“Paul Atkins is perfect choice by President Trump for the SEC chair. He’s honest, smart and knows how to move the agency forward. He will attract talent and embrace technological innovation, crypto, and digital finance. He’ll end regulation by enforcement and return the SEC to the proper role of fostering capital formation and American economic growth. Bravo!” commented former CFTC commissioner J. Christopher Giancarlo in his LinkedIn post.
Giancarlo, authored CryptoDad: The Fight for the Future of Money, chairs the Digital Dollar Project and is rumoured to be in the running for the U.S. Crypto Czar role. Giancarlo is alleged to have turned down the SEC Chair role and is the industry’s preferred candidate for the role of Crypto Czar given his track record with crypto derivatives while at the CFTC, his commitment to digital assets advocacy, and his convening powers, in this case coordinating a cross-agency mandate.
Ryan Chow, ceo of SOLV Protocol – Solv.Finance, said, “Bitcoin breaking the $100K barrier is not just a milestone—it’s a moment of validation for the ecosystem’s growth and potential. This achievement, alongside Atkins’ SEC appointment, signals an era of institutional trust and regulatory clarity that will unlock new opportunities for innovation.
