The move came after President-elect Donald Trump announced plans to nominate Paul Atkins as chair of the Securities and Exchange Commission, fulfilling perhaps his most important campaign promise to the crypto industry: to replace Gary Gensler, who has become something of a villain in crypto for the agency's regulation-by-enforcement approach to the industry under his leadership.
Trump congratulated bitcoiners in a Truth Social post Thursday morning, saying "you're welcome" for helping send bitcoin to $100,000 and that "together, we will make America great again."