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Homepage > News > Business > Last Week in Crypto: New SEC Chair named, Coinbase integrates Apple Pay This week, President-elect Donald Trump nominated Paul Atkins as the next Chair of the United States Securities and Exchange Commission (SEC). The announcement was made on December 4 through Trump’s platform, Truth Social. class=”truthsocial-embed” allowfullscreen=”allowfullscreen”> Trump commended Atkins for his belief “in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” which most likely gives us a glimpse into what we can expect during the Atkins administration: the development of a legal framework that allows the digital asset industry to thrive. Atkin’s nomination still needs confirmation from the Senate, but a ‘crypto-friendly’ SEC Chair will likely add fuel to the fire that seems to have kicked off in the digital currency industry upon Trump’s election; since the election, BTC price has surged roughly 44% and briefly passed $100,000 for the first time in the asset’s history, reflecting renewed optimism in the market for digital currency. With Atkins at the helm, you can anticipate an even more favorable climate for blockchain innovation and investment, likely leading to an era of growth for digital assets. Coinbase x Apple Pay integration This week, Coinbase (NASDAQ: COIN) announced a significant development: the integration of Apple Pay into its Coinbase Onramp product. This move allows users of apps infused with Onramp to purchase digital currency using Apple Pay, further streamlining the conversion of fiat currency into digital assets. Historically, onboarding into digital currency has been complicated, requiring users to navigate multi-step processes that deter newcomers. The Coinbase-Apple Pay partnership addresses this pain point by offering a familiar and user-friendly payment option. This should reduce…

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Filed under: News - @ December 10, 2024 10:19 am