The global Bitcoin's transactions turnover is now higher with thousands of transactions take place within a single day. The U.S. has a large part in the worldwide Bitcoin market. And under the president-elect Trump's administration, better regulation for crypto transaction could give a boost to the first and foremost cryptocurreny, Bitcoin. His support can be seen through his nominations:

Scott Bessent

A nominee for Treasury Secretary, Bessent is known to be a supporter for Bitcoin and cryptocurrencies as a whole. His support for crypto has sparked a positive outlook within the sector. It is therefore anticipated that Bessent's leadership will lead to a more proportional regulation outcome which may improve the crypto transaction in the U.S.

Paul Atkins

Since appointed as the chief of the SEC, Atkins's supportive stance to crypto assets is expected resulting to the better regulatory measures and minimize the hinder of cryptocurrency businesses growth. His nomination sparked a massive boost in the Bitcoin price to go above $100,000 for the first time.

Peter Navarro

Appointed as a Senior Council for Trade and Manufacturing his job description to be mainly centered on tradepolicies and tariffs. Although not directly related to Bitcoin, his economic measures could in the future have an effect on the world financial market including impacting on bitcoin and broader cryptocurrencies.

This article first appeared on GuruFocus.