China News Today TheBitTimes.com

Crypto market leader Bitcoin (BTC) zoomed past the psychological $100K mark for the first time in history after US President-elect Donald Trump nominated pro-crypto Paul Atkins to replace Gary Gensler as the new Chair of the Securities and Exchange Commission (SEC). BTC pumped more than 9% in the last 24 hours to trade at $102,104.55 as of 1:10 a.m. EST. This added to the crypto king’s weekly gain and boosted Bitcoin’s market cap to above $2 trillion. Trump Nominates Atkins As Gensler’s Replacement Incoming US President Trump announced in a Dec. 4 post on Truth Social that he has nominated Atkins to replace SEC Chair Gensler as the agency’s chief. In the post, Trump noted Atkins’ former role as an SEC commissioner, adding that he “strongly advocated for transparency and protecting investors,” during his time at the regulator. This nomination of a pro-crypto SEC Chair follows the promises made by Trump earlier this year at the Bitcoin 2024 ...

1. Trump Elected 47th President of the United States link On Wednesday, Donald Trump effectively secured his position as the 47th President of the United States, clinching the necessary 270 electoral votes with a victory in Wisconsin. CCTV-2’s Economic News broadcast reported that “Bitcoin’s price has surged to an all-time high, reaching $75,000 with an increase of over 8%.” The report noted that Trump previously pledged to make the U.S. the global capital for Bitcoin and cryptocurrency and to establish a strategic Bitcoin reserve. Rune Christensen, founder of Sky (formerly MakerDAO), commented on social media that Trump’s win could catalyze a genuine, sustained revival of DeFi, with user numbers potentially increasing tenfold, as DeFi stands to benefit the most from reduced regulatory uncertainty in the U.S. compared to other areas of the crypto sector. 2. Trump’s Team Considers Robinhood’s Chief Legal Officer, Dan Gallagher, for SEC Chair link On Friday, Reuters reported that Donald ...