President-elect Trump appointed Paul Atkins as the next chairman of the SEC
The long-awaited question of who will be the next SEC chairman is finally over, as President-elect Donald Trump announced in his latest social media post that he has officially nominated Paul Atkins for the next SEC chairman.
“I am very pleased to announce the selection of Paul Atkins as the next chairman of the Securities and Exchange Commission,” he said.
“Proven Leader”
Trump reinforced his trust in Paul, citing that he is a proven leader for “common sense” norms. He believes in the promise of strong, innovative capital markets that respond to investor demand and provide capital to make our economy the best in the world. Atkins also said he recognizes that digital assets and other innovations are critical to ‘making America the greatest it's ever been.'
Trump, who was once against crypto, has now completely reversed his stance, the pro-crypto president has now called for a strategic national bitcoin reserve, as well as vowing to make the US the “capital of the world” for crypto and establish crypto. Advisory Council.
“Crypto is one of the things we have to do,” Trump said when he officially launched the World Financial Freedom Project in September. “I have to do it whether we like it or not.”
Pro-Crypto SEC Chairman
Atkins was previously an SEC commissioner in the George W. Bush administration from 2002 to 2008 and is expected to be more supportive of cryptocurrencies than SEC Chairman Gary Gensler, who has been widely criticized for his hostility. crypto and is set to launch on January 20.
Specifically, Paul is the CEO and founder of Potomac Global Partners, a risk management consultancy. As co-chair of the Digital Chamber Token Alliance since 2017, he has worked and studied the digital assets industry. Paul strongly advocated for transparency and protection of investors.
Mr. Atkins is also playing an active role in helping to develop “best practices” for crypto trading platforms as co-chairman of the Token Alliance, part of the Digital Chamber of Commerce. Securities, a digital asset firm promoting the use of digital tokens, is also on the advisory board. Specifically, his appointment requires Senate confirmation. If the Senate confirms Atkins, as expected, it would mark the beginning of a new era at the SEC, a far cry from Gensler's tenure.
Like Fox Business. In the report, former CFTC chief Chris Giancarlo said:
“President-elect Trump has made an excellent choice in SEC chairman. Paul Atkins is widely recognized for his professional integrity and intelligence. As a former commissioner, he has great knowledge and respect for the agency. After years of regulatory hostility, he will promote technology innovation, crypto and digital finance. I am confident that the SEC will return to its historic role in enabling the establishment and growth of the American economy.
