This is Why Paul Atkins Will Likely Lead Trump’s SEC After Gensler
President-elect Donald Trump reportedly interviewed Paul Atkins for the role of SEC chairman. Several reports have Atkins currently the favorite for the job, boosting his predicted market odds.
Atkins previously served as SEC chairman and spent his term advocating for cryptocurrencies in the private sector.
Paul Atkins: Next SEC Chairman?
according to a Bloomberg ReportTrump is considering Atkins as a leading candidate for the position. Since 2020, Atkins has been serving Digital Chamber of Commerce Advisory Board. He is a well-known advocate of blockchain development and investment.
If drafted, Atkins would replace Gary Gensler After Trump took office in late January. current SEC Chairman Announces Imminent Resignation Earlier this month, also defend his pessimistic view Towards the Cryptocurrency Market.
“Atkins is not only well-versed in cryptocurrencies, but as a former commissioner and staff member, has deep knowledge of the agency’s inner workings. Atkins is seen as capable of establishing an agenda that supports innovation while returning the agency to its many People think the standards were lost under Gensler.” claim Fox Business reporter Eleanor Treat.
Donald Trump vows to support cryptocurrencies Through his upcoming government’s sweeping appointments and reform program. Although Trump plans to hand over most of the funds SEC gives jurisdiction over cryptocurrencies to CFTCthe SEC remains a Important Components of Cryptocurrency Regulation. In this role, Atkins can greatly benefit the industry.
Tretter claims that Atkins is currently the most likely candidate for the position, but that’s not a sure thing. several other candidatesincluding those with SEC experience, are also laughing. For example, “crypto mom” Hester Peirce is also a possible candidate, and She is the current SEC Commissioner Under Gensler’s leadership.
If nothing else, these rumors have proven credible in the past. As BeInCrypto reported earlier, Trump also nominated Pro-Cryptocurrency Candidate Scott Bessent Assumes the role of Finance Minister. If this argument proves to be true, Paul Atkins will lead a friendlier SEC than Gensler’s.
Overall, it’s now likely that the U.S. will have a pro-cryptocurrency advocate as leader of the SEC, and regulatory scrutiny of the industry may ease.
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