🔥 Paul Atkins is the hot candidate for the next SEC chairman in the United States
According to Fox Business reporter Eleanor Terrett, former SEC commissioner Paul Atkins is now the hot candidate to succeed Gary Gensler, who is leaving in January 2025. As we all know, President Trump said during his campaign that he would fire Gensler on his first day in office.
Atkins is a pro-innovation figure. He served as an SEC commissioner from 2002 to 2008 and worked under two former SEC chairmen. Now it seems that he is likely to become a key figure in promoting the innovation agenda of the Trump administration and the Republican Party. This is undoubtedly good news for those who have experienced more than four years of strict supervision under Gensler's leadership.
In addition, during Gary Gensler's tenure, the SEC's law enforcement and regulatory methods have received a lot of criticism, and he has filed a number of lawsuits against cryptocurrency companies, which have resulted in many setbacks in US courts. After Trump's victory, the cryptocurrency market was jubilant, and the price of Bitcoin soared, and other altcoins also rose.
🗣️ Conclusion:
Whether Paul Atkins or someone else serves as the next SEC chairman, we have reason to believe that the new chairman will bring greater transparency to the regulation of cryptocurrencies and is likely to be friendly to cryptocurrencies.
During Gary Gensler's tenure as SEC chairman, the cryptocurrency sector was hit and banned, and a number of cryptocurrency companies and exchanges were sued, but there seemed to be no clear legal basis and evidence behind the prosecution.
However, this situation is expected to change substantially in January 2025. Therefore, we have every reason to expect that in 2025, everyone is likely to usher in an unprecedented period of prosperity for altcoins.
💬 Do you think Paul Atkins will become the next SEC chairman? Do you think the new chairman will be more stringent in regulating the market, or will it be more conducive to market development?
