I am delighted to nominate Jared Isaacman, an accomplished business leader, philanthropist, pilot, and astronaut, as Administrator of the National Aeronautics and Space Administration (NASA). Jared will drive NASA’s mission of discovery and inspiration, paving the way for…
— Donald J. Trump (@realDonaldTrump) December 4, 2024
Paul Atkins is a former SEC commissioner and the founder and CEO of Patomak Global Partners, a global consulting firm focused on strategy, risk management, and compliance. Clients include cryptocurrency companies, traditional financial institutions, publicly traded companies, trade associations, law firms, banks, and insurance companies.
During his tenure at the SEC, Paul Atkins stated that his core philosophy is based on a 'free market system.' He opposes what he considers ineffective regulatory growth, including regulation of hedge funds, internal audit controls, and stock trading regulations known as NMS rules. Additionally, Paul Atkins criticized the SEC's overly aggressive corporate enforcement actions, believing they only result in 'double harm' to shareholders.
Therefore, his nomination is a great benefit for Wall Street and the cryptocurrency industry, as the financial sector has long had grievances against the current chairman, Gary Gensler's strict regulatory policies. Trump stated in a statement:
Paul Atkins believes that healthy and innovative capital markets can meet the needs of investors. He also recognizes that digital assets and other innovations are crucial for making America great again.
Many in the cryptocurrency industry have also expressed support and affirmation for this candidate. Coinbase CEO Brian Armstrong stated on X that Paul Akins is an excellent choice for the new SEC chairman. Ji Kim, Chief Legal and Policy Officer of the Crypto Council for Innovation, also stated:
This is a strong and forward-looking choice. We look forward to a new SEC administration focused on promoting responsible innovation.
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