#Trump Appoints Crypto-Friendly Official#

President Trump's recent appointments to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are seen as one of the reasons for the stabilization of the cryptocurrency market around $105,000. Analysts point out that the officials appointed by Trump are friendly towards cryptocurrencies, alleviating concerns previously raised by the market due to heightened volatility during his inauguration. Among them, Mark Uyeda, a senior SEC official who temporarily leads the agency, had previously publicly criticized the enforcement policies of former SEC Chairman Gary Gensler on cryptocurrency policy, considering them "ill-conceived" and calling for clearer regulations on cryptocurrencies. These appointments are believed to reduce the volatility of the cryptocurrency market and provide support for Bitcoin. In addition, the decline of the US dollar index has also prompted investors to seek alternative assets amid dollar weakness, further driving the stability of Bitcoin.