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Paul Atkins expected to spearhead SEC pro-crypto shift
Paul Atkins, a pro-crypto regulator, is the top SEC contender, suggesting a Trump crypto policy flip.
Veteran regulator and pro-crypto enthusiast Paul Atkins is apparently a top candidate to run the SEC under President-elect Donald Trump. Trump campaign sources said Atkins, a former Republican SEC commissioner under George W. Bush, has been interviewed for the role. As the Trump administration indicates crypto-friendly regulation, this development occurs.
SEC Chairman Gary Gensler, who will resign in January, was criticized for his aggressive cryptocurrency regulation. After the FTX exchange crash, digital assets were closely scrutinized throughout his term. Many in the business saw his enforcement-heavy stance as confusing and anti-innovation. Atkins' balanced regulatory perspective might change the SEC's approach.
Atkins founded Patomak Global Partners, a financial consulting business, and worked with former SEC Chairs Richard C. Breeden and Arthur Levitt. This experience has given him a thorough understanding of agency operations and policymaking. Under Trump, Atkins is likely to foster cryptocurrency development while overseeing conventional markets. Trump has committed to hire crypto-friendly regulators and create a strategic Bitcoin reserve, which Atkins supports.
The SEC leadership shift might be crucial for the crypto sector. Crypto companies and investors may gain confidence if Gensler shifts from enforcement to innovation.
Atkins may promote digital asset innovation, clarify regulations, and fight fraud and insider trading. Fox journalist Eleanor Terret noted Atkins' vast knowledge of the SEC's management of the $100 trillion securities industry. This makes him a good fit for both the conventional banking industry and the fast-changing digital economy.
Most of Trump's cabinet appointments have been revealed, but the SEC nomination is coming shortly.
#Trump #SEC #BTCWatchZone $BTC $ETH
Paul Atkins, a pro-crypto regulator, is the top SEC contender, suggesting a Trump crypto policy flip.
Veteran regulator and pro-crypto enthusiast Paul Atkins is apparently a top candidate to run the SEC under President-elect Donald Trump. Trump campaign sources said Atkins, a former Republican SEC commissioner under George W. Bush, has been interviewed for the role. As the Trump administration indicates crypto-friendly regulation, this development occurs.
SEC Chairman Gary Gensler, who will resign in January, was criticized for his aggressive cryptocurrency regulation. After the FTX exchange crash, digital assets were closely scrutinized throughout his term. Many in the business saw his enforcement-heavy stance as confusing and anti-innovation. Atkins' balanced regulatory perspective might change the SEC's approach.
Atkins founded Patomak Global Partners, a financial consulting business, and worked with former SEC Chairs Richard C. Breeden and Arthur Levitt. This experience has given him a thorough understanding of agency operations and policymaking. Under Trump, Atkins is likely to foster cryptocurrency development while overseeing conventional markets. Trump has committed to hire crypto-friendly regulators and create a strategic Bitcoin reserve, which Atkins supports.
The SEC leadership shift might be crucial for the crypto sector. Crypto companies and investors may gain confidence if Gensler shifts from enforcement to innovation.
Atkins may promote digital asset innovation, clarify regulations, and fight fraud and insider trading. Fox journalist Eleanor Terret noted Atkins' vast knowledge of the SEC's management of the $100 trillion securities industry. This makes him a good fit for both the conventional banking industry and the fast-changing digital economy.
Most of Trump's cabinet appointments have been revealed, but the SEC nomination is coming shortly.
#Trump #SEC #BTCWatchZone $BTC $ETH
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