The nomination of Paul Atkins for SEC Chair, who has past ties to Cardano, indicates a potential shift in SEC regulation towards being crypto-friendly.
Atkins, with significant crypto holdings, aims to prioritize clear regulations for digital assets, which could benefit cryptocurrencies like Cardano.
Atkins demonstrated awareness of Cardano's potential during an appearance on Input Output's YouTube channel, suggesting a favorable environment for blockchain projects.
Increased institutional interest in Cardano and easing quantitative tightening (QT) may drive future price growth, despite its current stagnation.