Trump's SEC Chair Nominee Criticizes US Role in FTX Collapse

Paul Atkins, Donald Trump's nominee for SEC Chair, has controversially blamed the US government for the collapse of the FTX crypto exchange, suggesting that inadequate regulatory frameworks contributed to the disaster. Atkins, whose consulting firm was involved with FTX, argues that the US should create more accommodating rules for digital assets. His nomination signals a potential shift in regulatory approach, contrasting with the Biden administration's stricter stance on crypto. The announcement led to a surge in Bitcoin prices, reflecting optimism in the crypto community.