#Trump Appoints Crypto-Friendly Official#

Recent appointments to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) by Donald Trump are considered one of the key reasons for the stabilization of the cryptocurrency market around $105,000. Analysts believe that Trump's appointees are crypto-friendly, which has eased the anxiety that emerged in the market due to the increased volatility during his inauguration. Among them, Mark Uyeda, a senior SEC official who temporarily leads the agency, has previously criticized the SEC's cryptocurrency policy under former Chairman Gary Gensler, calling its enforcement policy "ill-conceived" and calling for clearer regulations for cryptocurrencies. Additionally, the decline in the dollar index has also prompted investors to seek alternative assets, further supporting the stability of Bitcoin. Overall, Trump's appointments to the SEC and CFTC are considered beneficial for the development of the cryptocurrency market and have reduced market volatility.