business / markets
4 hours ago

Trump's Cryptocurrency Task Force Sparks Market Surge Amid New SEC Leadership

Trump's Cryptocurrency Task Force Sparks Market Surge Amid New SEC Leadership
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7 Highlights
  • SEC launched a crypto task force under Hester Peirce to clarify regulations.
  • Bitcoin surged by 4% after Trump's crypto-focused regulatory moves.
  • Pro-crypto advocate Paul Atkins became SEC Chair, changing U.S. crypto direction.
  • Trump's administration aims to make the U.S. a 'crypto capital'.
  • Bitcoin hit $106,400 amidst new regulatory policies boosting market confidence.
  • SEC plans to resolve registration confusion to improve compliance.
  • Trump plans a 2024 executive order to prioritize U.S. crypto policy.
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