On December 5, Bitcoin soared above $100,000 for the first time, fueled by Donald Trump’s announcement of Republican attorney Paul Atkins as the new head of the SEC. Trump, a vocal cryptocurrency supporter, stated that Atkins recognizes the importance of digital assets for America’s growth. This surge follows a 46% increase in Bitcoin’s value since the November 5 elections, as Trump shifts from previously labeling cryptocurrencies as scams to aiming to make the U.S. a global cryptocurrency hub.