Probably. But the hype won't last for long. Especially if Trump resumes tariffs after the "90-day pause". Bitcoin and other cryptocurrencies will go through a "bloodbath" in market prices, albeit for a short period of time.

Anyways, having a pro-crypto SEC chairman on-board is definitely good news for the industry. So much better than having Uncle Gary (former SEC chairman Gary Gensler) around. Just like you, I think Atkins will be "more accepting of innovations" when it comes to crypto. Exchanges and major companies will be sailing on smooth waters from now on. At least, within the next 4 years. Hopefully, exchanges like Bittrex and Binance open again their doors to US-based customers soon.

I don't know him wholly and so, I have no expectation except that if he's a known pro Bitcoin and crypto, then let's accept that many ETFs will be filed.

I'm not sure if this news is the reason why the price of Bitcoin has pumped recently. But if it's then people knew him exactly and that's why they have drove the prices again and saw it as a buying opportunity so the demand increased.

Unlike Gary Gensler, I guess that he's hundred times better.

Nah, it's definitely not due to him going into the office.

Just overall, the liquidity returns to where it belonged before the crash we had.

Bittrex  is not only closing its operations in the US market, but also announcing its closure globally. They did not specify the reason, but there are some rumors that it was not only because of the SEC   lawsuit but also because their market and trading volume decreased, making it difficult to do business.  So they're not going to come back into  the market just because the SEC has a new and pro-crypto chairman.

Binance has never shut down in the US market , they operate under a different domain called Binance.us and are dedicated to the US market. But their market share has dropped  significantly but I think the reason is because they are not a US exchange like  Coinbase ,  Kraken...

In general it works like this:
Gold goes up when the USD goes down in value. People usually go into gold when they fear the monetary policy is failing somehow.
The initial stage is people selling stocks and moving to fiat and then to hard assets if the fear remains. That's why at first you see a selloff in stocks and then a drop in fiat value when people decide holding fiat is too risky and it's time to get ready for a longer winter.

Yes, bitcoin used to be considered a penny stock, but it matures. At first it was called a ponzi scheme, then treated like a volatile penny stock, then a risk on asset, alongside nvidia, meta and other tech companies, finally it's slowly building its image as digital gold. It takes time but we're getting there.

One thing you can be sure of is that they will have to print money and that will eventually pump all stocks and hard assets. That's why gold is already accounting for that and reaching new highs and that's why large banks are buying bitcoin or stocks of companies that hold bitcoin. For instance, Switzerland bought $150m of MSTR stock.

The appointment of Paul Atkins as the new SEC Chair looks like good news for the crypto market, especially after Gary Gensler’s tough rules. Atkins is pro-Bitcoin, which sounds nice. The US economy could use a business-friendly SEC chair right now. But as for Bitcoin, I agree with those pointing out that Bitcoin has been doing just fine, with or without the SEC's approvals. So it doesn't hurt to have Atkins there, but it's not particularly important either. Bitcoin is stronger than institutions.

The agreement between Binance, CZ and the Biden administration includes:


As for Binance: they admitted their wrongdoing, agreed to pay the fine, and complied with the supervision of the US government. The deal helps Binance avoid closure and continue operating in the US market . As for CZ : in addition to paying a personal fine, he also agreed to resign and serve a 4-month prison sentence.

Binance never stopped operating in the US market, they just stopped operating in Washington due to state regulatory pressure . But it's worth noting that, while Binance is still operating normally in the US and global markets, the SEC's lawsuits against them are not completely over .


https://cryptorank.io/news/feed/1cf6f-binance-us-exits-washington-state-as-regulatory-challenges-mount

Well, I'd expect the SEC to drop its lawsuits against Binance. The Trump administration is pro-crypto, anyways. If they dropped lawsuits against Ripple, they can do it with Binance. Behind the curtain, people say CZ operates Binance or gives orders to it. The current CEO has to satisfy the demands of Binance's founder. So you see, CZ is a powerful figure in the crypto industry.

I'm glad to know Binance's US operations are still up and running. As long as it doesn't turn into "FTX 2.0", we should have nothing to worry about. Who knows if new crypto exchanges enter the US market as a result of crypto-friendly regulations under Paul Atkins' leadership?

Binance is definitely operated by CZ, I am sure of it and I guarantee that he is still talking to the CEO everyday. However, Binance is already doing great at the moment, there aren't that many things that you need to add to Binance, you just have to realize that you are going to list and delist some coins/tokens but that's it, even if you just stay like this, they make billions.

So not like he has to do much, the team is doing most of the work, while I am sure he can still say whatever he wants to be done, but I am also sure that there aren't that many things that needs to be done anyways, so he probably doesn't do much but count his money And yeah, I agree that SEC will drop the charges, both because Paul and Trump being a pro-crypto person.

I would have been inclined to say that this event is the main reason for Bitcoin's jump back to almost $100k a few days ago, but it looks like this happened last week and then some days ago. So I guess the market does not react to the SEC anymore.