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SEC: the new chairman will be pro-crypto Paul Atkins!
By Davide Grammatica
Donald Trump has appointed Paul Atkins as the new chairman of the SEC: it's a new beginning for the crypto industry and U.S. government institutions
SEC changes leadership, and cryptos smile
Donald Trump has announced the new chairman of the Securities and Exchange Commission (SEC): positive (and decisive) news for the entire crypto industry. He did so via a post on Truth, in which he announced that former commissioner Paul Atkins will head the agency. Currently ceo of Patomak Global Partners, Atkins previously headed the SEC under President George W. Bush.
“Paul is a leader, and he has proven his ability to craft common-sense regulations,” Trump said. “He recognizes [also] that digital assets and other innovations are critical to making the United States greater than ever.”
A pro-crypto team for Trump
The crypto community seems to have welcomed the new appointment. Doing worse than former President Gary Gensler would have been difficult anyway, but Atkins has proven time and again that he can take a more pro-crypto approach to the development of this asset class.
Last April, for example, Atkins had sharply criticized the SEC’s attitude toward the industry, denouncing “enormous” regulatory uncertainty and accusing Gensler of engaging in “dishonest” behavior.
Even earlier, however, in 2017, the SEC’s new (unofficial) office had described cryptocurrencies as an “exciting new asset class, ” lending itself early on to collaborate and draft legislation that could promote the ecosystem.
Now Atkins will have to wait for confirmation from the U.S. Senate. And he will join a largely pro-crypto executive team. Another major player in Trump’s second term will be Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), nicknamed “Crypto Dad” and awaiting an official position in government.
