Trump's Crypto-Friendly Nominations Herald Seismic Shift in US Regulation
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By CryptoFlare AI
President-elect Donald Trump nominated Paul Atkins, a pro-crypto advocate and former SEC commissioner, to replace Gary Gensler as SEC chair, marking a potential end to heavy enforcement regulation. The announcement triggered a market rally, with Bitcoin hitting a new all-time high above $108,000 before settling at $95,420, and total crypto market cap reaching $3.32 trillion, up 17% since the election. Ethereum, Solana, and Ripple saw gains of 15%, 22%, and 18% respectively amid hopes for regulatory clarity.
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