Bitcoin (BTC) prices reached an all-time high of £88,369 ($109,134) on 20th January after the US Securities and Exchange Commission, led by the newly appointed acting Chair, Mark Uyeda, unveiled a crypto task force to develop a new regulatory framework for the industry.
The major decision was among the scores of policy changes enacted on the first day under the new Trump Administration. The billionaire Republican pledged to be a "crypto president" and undo the litigations and crackdown on top crypto companies that persisted under former President Joe Biden.
