FT News Briefing Swamp Notes: America’s first ‘Bitcoin president’
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Dec 7, 2024 
Nikou Asgari, the FT’s digital markets correspondent, dives into the evolving relationship between Donald Trump and cryptocurrencies. Once deemed a 'scam' by Trump, Bitcoin now thrives under the possibility of a supportive presidency as it recently hit $100,000. The conversation centers on potential SEC shifts with crypto advocate Paul Atkins at the helm, contrasting current regulatory tensions. They also explore how a pro-crypto leader could reshape market dynamics, stirring excitement amidst institutional interest and political currents.
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Bitcoin Price Surge
- Bitcoin's price surged after Donald Trump's return to the White House.
- It crossed $100,000 for the first time, marking a significant milestone.
Atkins' Nomination
- Trump nominated Paul Atkins to head the SEC, exciting the crypto community.
- Atkins is known for his pro-crypto stance, unlike current chair Gary Gensler.
Gensler's Approach
- Gary Gensler, current SEC chair, is disliked by the crypto community.
- He views the sector as the "Wild West" and prefers regulation by enforcement.