Electronic money soared by around 4% overnight: at the origin of this new bout of fever, President-elect Donald Trump announced on Wednesday that he planned to appoint, once invested, the Republican lawyer Paul Atkins, favorable to the development of cryptocurrencies, to head the American Financial Markets Regulatory Authority, the SEC.
“This strategic appointment has electrified the crypto community, reinforcing investor optimism about a more accommodating regulatory landscape” and more generally “a lenient approach (from regulators) towards the booming digital assets market”, observed Stephen Innes of SPI Asset Management.
“World capital of cryptocurrencies”
Last year, Mr. Atkins publicly criticized SEC officials, saying they should have been “more accommodating” with companies in the digital currency industry and accusing their approach of turning entrepreneurs away from the American market.
“Paul has demonstrated his orientation in favor of regulation tinged with common sense […] He also recognizes that digital assets are crucial to making America greater than it has ever been,” commented Donald Trump on his Truth Social platform.
