PANews reported on December 11 that according to The Block, citing Axios, an anonymous "transition team" source revealed that Trump now apparently "hopes" that Bitcoin will continue to rise and eventually break through $150,000. Axios reported that Trump "will pay close attention to the price of Bitcoin," adding that the source said that cryptocurrency is "another stock market" for the politician. During his previous presidency, Trump often used the performance of the U.S. stock market to measure the effectiveness of his government's management of the national economy.
Axios also reported that Trump plans to "promote crypto-friendly regulation," including nominating Paul Atkins as chairman of the U.S. Securities and Exchange Commission (SEC). Atkins founded consulting firm Patomak Global Partners, which provides services to cryptocurrency exchanges and DeFi platforms, according to the company's website.
