In 2024, Donald Trump emerged as a pro-crypto president after Bitcoin surpassed 100,000 USD. His administration aims to introduce market-friendly reforms. Paul Atkins, known for innovation, is nominated as SEC Chair, signaling a shift in regulatory focus.

Gary Gensler plans to resign as SEC Chair in January 2025, paving the way for a new approach under Trump. The cryptocurrency industry anticipates a more relaxed regulatory environment, fostering growth and innovation. Analysts remain optimistic about potential ETF approvals.