PK Press Club — Bitcoin () climbed as the Securities and Exchange Commission said Tuesday that its acting chairman, Mark Uyeda, was forming a cryptocurrency task force to clarify regulations for the sector.
() was up 3% at 106,040 in recent trading.
The SEC’s decision aims to “develop a comprehensive and clear regulatory framework for crypto assets.” These announcements fueled optimism that, under a second Trump administration, the regulatory burden on crypto assets will likely be eased.
Bitcoin has surged more than 50% since Trump’s election victory on November 5, and many expect the president to fulfill his campaign promise to make the United States the crypto capital of the world.
Uyeda succeeds Gary Gensler, who resigned on January 20 and who some considered too aggressive in his oversight of crypto assets.
