They follow the atypical appointments of the presidential Donald Trump. He president elected wants the cryptocurrency enthusiast businessman Paul Atkins be the president of the Securities and Exchange Commission (SEC, for its acronym in English). Atkins, a conservative what advises financial firms and companies cryptocurrencies that already was SEC commissioner during the George W. Bush administration. Will replace Gary Genslerto whom he President Joe Biden entrusted him with the opposite task: to be tough on the regulation of cryptocurrencies, which led him to clash with Wall Street. Although it is a 180 degree turnAtkins’ choice contrasts with other Trump Cabinet appointments who have stood out as loyal to the president but with few qualifications for the position.
This appointment, however, is not part of the presidential cabinet but is given by the Trump threatens to immediately fire the current SEC chairman as soon as he arrives at the White House, given his disagreementsmainly around cryptocurrenciesan industry that Trump has promised to bet on. Before him ultimatumGary Gensler, decided abandon he cargo before being fired, and announced that he would resign on January 20, when the Republican assumes the presidency. If confirmed by the Senate, Atkins could play a crucial role in deregulate the cryptocurrency sectorwhich is the mission that the Republican president has placed in his hands.
Crypto-enthusiast
Atkins “is a proven leader on common sense regulation. He believes in the promise of robust capital markets and innovative that respond to the needs of the investors and provide capital to make our economy the best in the world“Trump wrote in a post on his social network Truth Social. “He also recognizes that digital assets and other innovations are crucial to making America greater than ever,” he added.
After having held a position of responsibility in the SEC itself between 2002 and 2008 under another Republican administrationAtkins, CEO and founder of Patomak Global Partnersa risk management consultancy, offers strategic and political advice on issues economic a Trump from 2016. As co-chair of the Digital Chamber Token Alliance since 2017, he has worked and studied the digital asset industry.
