#Trump Appoints Crypto-Friendly Official#

Donald Trump's recent appointments to the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are considered one of the key factors behind the stability of the cryptocurrency market around $105,000. Analysts point out that Trump's appointees are friendly towards cryptocurrencies, alleviating market concerns that arose from the increased volatility during Trump's inauguration. Among them, Mark Uyeda, a senior SEC official, was appointed as the agency's interim leader. He previously publicly criticized the SEC's cryptocurrency policy under former Chairman Gary Gensler, deeming its enforcement policies "ill-conceived" and calling for clearer regulations on cryptocurrencies. Furthermore, Trump's appointments to the CFTC also brought positive signals to the cryptocurrency market. With the decline of the US dollar index, investors began seeking alternative assets, and Bitcoin's role as a safe-haven asset was further highlighted, further supporting the stability of Bitcoin's price.