Bloomberg: The new SEC chair is "almost certain" to make the regulatory environment for the crypto market less hostile

ChainCatcher message, 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 pointed out that Nobel Prize-winning economist Paul Krugman stated last month on the Bluesky social platform that although Bitcoin has surpassed $100,000, there are still no legitimate use cases even after 15 years.

The recent surge in Bitcoin prices has at least one identifiable catalyst: the hope that the Trump administration will take a more lenient stance on cryptocurrencies. This expectation is likely to be realized under the leadership of incoming SEC Chairman Paul Atkins, who is believed to have a more favorable attitude towards the crypto market than his predecessor, and the regulatory environment is almost certain to become less hostile.