Trump administration forces crypto acceptance question into mainstream debate for finance industry

Following SEC appointment

Linus Uhlig
clock • 6 min read

The re-election of Donald Trump has increased attention directed towards digital assets from more mainstream financial services sectors, but the industry remains divided on cryptocurrency.

On Thursday (5 December), the president-elect confirmed rumours that he was eyeing a cryptocurrency enthusiast for the role of chair of the US Securities and Exchange Commission (SEC), sending bitcoin skyrocketing to above $100,000 for the first time in its history.   Bitcoin hits record high as Trump picks crypto enthusiast Paul Atkins for SEC chair Paul Atkins, who will replace renowned crypto-sceptic Gary Gensler, as chair of the US financial regulator, joins at a time when the incoming GOP president has vowed to create a US bitcoin reserve and push digital assets to the forefront ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Currencies

Crypto staking 'another milestone' in the mainstream acceptance of asset class

Crypto staking 'another milestone' in the mainstream acceptance of asset class

Changes to FSMA today

Linus Uhlig
clock 31 January 2025 • 5 min read
'FOMO' drives 84% of crypto investors to make trading decisions

'FOMO' drives 84% of crypto investors to make trading decisions

Findings from a Kraken survey

Linus Uhlig
clock 20 December 2024 • 2 min read
Bloomberg Intelligence's Audrey Childe-Freeman: Dollar remains world's reserve currency but de-dollarisation continues

Bloomberg Intelligence's Audrey Childe-Freeman: Dollar remains world's reserve currency but de-dollarisation continues

'Early stages of de-dollarisation'

Audrey Childe-Freeman
clock 19 November 2024 • 4 min read
Trustpilot