Bloomberg: New SEC Chairman Will “Almost Certainly” Make Crypto Market Regulatory Environment Less Hostile

Bloomberg columnists Marcus Ashworth and Mark Gilbert's key message for 2025 is: Fasten your seatbelts, it's going to be a roller coaster ride. On the question of what the future holds for Bitcoin, they point to Nobel Prize-winning economist Paul Krugman's post on the Bluesky social platform last month that although Bitcoin broke $100,000, there is still no legitimate use case even 15 years later. The recent Bitcoin price jump has at least one identifiable trigger: the hope that the Trump administration will take a more relaxed attitude toward cryptocurrencies, an expectation that is likely to be realized under the leadership of incoming Securities and Exchange Commission Chairman Paul Atkins, who is seen as more friendly to the crypto market than his predecessor and the regulatory environment will almost certainly become less hostile. (Bloomberg)