Bitcoin Soars Following New SEC Chair’s Inauguration: What it Means for Crypto

Bitcoin price surged to a new high of $91,695 within the past 24 hours, fueled by the appointment of new SEC chair Gary Atkins. The market reacted positively to his appointment, as he’s tasked with implementing clear regulations on cryptocurrencies. This shift comes after a period of uncertainty and legal challenges for the industry. Atkins is taking the reins at the SEC with an ambition to resolve the issues left unresolved during the previous leadership. Former acting chair Mark Uyeda also played an important role, paving the way for this new era in the sector.