Bloomberg: New SEC Chairman ‘almost certainly’ to make crypto market regulatory environment less hostile

Bloomberg columnists Marcus Ashworth and Mark Gilbert's key takeaway for 2025 is: buckle up, it’s going to be a rollercoaster ride. Regarding the future of Bitcoin, they point out that Nobel Prize-winning economist Paul Krugman stated last month on the Bluesky social platform that although Bitcoin has surpassed $100,000, there is still no legitimate use case even after 15 years. The recent surge in Bitcoin prices has at least one identifiable catalyst: hope that the Trump administration will adopt a more lenient stance on cryptocurrencies, an expectation likely to be realized under the leadership of incoming SEC Chairman Paul Atkins, who is believed to have a friendlier attitude towards the crypto market than his predecessor, making the regulatory environment almost certain to become less hostile.