President-elect Donald Trump has revealed his nominee to replace SEC Chair Gary Gensler, tapping Paul Atkins, a pro-crypto candidate who serves as Co-Chair of the Token Alliance.
Under Gensler, the SEC has waged a crusade against the crypto industry, launching multiple legal actions. Gensler has made no secret of his disdain for cryptocurrencies, even going so far as to say that “we don’t need more digital currency.”
In contrast, Atkins’ background as co-chair of a crypto advocacy group bodes well for the crypto industry. In an announcement on Truth Social, Trump made clear his belief that digital assets are an important part of this agenda of “Making America Greater than Ever Before.
I am delighted to announce the nomination of Paul Atkins to be the next Chairman of the Securities & Exchange Commission.
Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.
Paul is the CEO & Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on & studied the digital assets industry. A former SEC Commissioner from 2002-2008, Paul strongly advocated for transparency & protecting investors. He earned a J.D. from Vanderbilt University School of Law, & his A.B. from Wofford College, summa cum laude, Phi Beta Kappa.
Congratulations to Paul, his wonderful wife, Sarah, & sons, Stewart, Peter, & Henry.
Donald J. Trump (@realDonaldTrump) | December 4, 2024
If Atkins’ nomination is approved, crypto fans and investors may be in for a major change of fortunes.
from WebProNews https://ift.tt/3J7ZCLE
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