Veteran Regulator Paul Atkins: A Potential Ally For Crypto In Trump’s SEC
Paul Atkins, a veteran financial regulator, is being considered by President-elect Donald Trump's transition team to lead the US Securities and Exchange Commission (SEC). Atkins, a former SEC commissioner from 2002 to 2008, is known for his conservative financial leanings and his support for crypto and fintech companies .
Atkins' potential appointment as SEC chair could be a game-changer for the crypto industry. As a proponent of deregulation, Atkins may take a more lenient approach to regulating cryptocurrencies, which could lead to increased adoption and innovation in the space.
Atkins' experience as a financial regulator and his understanding of the crypto industry make him an attractive for the role. His appointment could signal a shift in the SEC's approach to regulating cryptocurrencies, from a more restrictive approach under current Chair Gary Gensler to a more permissive one .
Other contenders for the SEC chair position include Heath Tarbert, Hester Peirce, and Sharon Bowen. However, Atkins is considered a strong candidate due to his experience and his alignment with Trump's deregulatory agenda .
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