Bitcoin surged to over $109,000 before Donald Trump's inauguration, as the crypto sector awaits major action from him.

Trump has promised a more crypto-friendly administration. The present-elect named regulatory hawk and crypto advocate Paul Atkins as Gensler’s replacement, while former PayPal COO David Sacks rode a wave of conservative internet stardom to become the White House’s first AI and crypto czar.

One big ask, On The Money has learned, includes no longer having to deal with the heavy hand of regulation by the SEC, also known as Wall Street’s top cop.

Looking ahead, some analysts think the stock market will keep soaring as Trump pushes for deregulation and tax cuts during his second term. For instance, while on the campaign trail, he proposed lowering the corporate tax rate to 15% for domestic manufacturers. That could boost net profit margins and send the stock market higher.

Mark Cuban criticizes TRUMP memecoin as speculative, raising concerns about its impact on crypto credibility and regulatory challenges.

Throughout the weekend, the project soared in value as Trump and his aides prepared to reenter the White House. As soon as Monday, Trump is expected to issue new policy directives that could loosen crypto regulation and send the price of bitcoin and other assets skyrocketing.

“I will end the electric vehicle mandate on day one. Thereby saving the U.S. auto industry from complete obliteration, which is happening right now, and saving U.S. customers thousands and thousands of dollars per car,” Trump said during his speech to the Republican National Convention in July.

The president has promised — and seems intent on delivering — policies embracing what possibly could become transformative technology.

Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.

The new business venture by the Trump family is generating intensifying criticism and ethics questions, even as it has turned into an overnight phenomenon, generating a windfall on paper.

Ten companies from diverse sectors, however, ended Friday weaker, posting notable declines versus the week prior.