Paul Atkins was Republican pick for Securities and Exchange Commission; the nomination must be voted on in the Senate
The president-elect of the United States, Donald Trump (Republican), announced this Wednesday (Dec 4, 2024) the appointment of Paul Atkins to lead the SEC (Securities and Exchange Commission), equivalent to the Securities and Exchange Commission. The government agency is responsible for overseeing stock and real estate bond prices. The nomination must be voted on by the Senate.
The SEC board makes decisions based on the vote of 5 commissioners. Atkins previously served as commissioner from 2002 to 2008 under Republican George W. Bush. As president of the SEC, he will be responsible for leading the commission and applying the measures.
Atkins is seen as a supporter of the cryptocurrency sector. During his period as SEC commissioner, he defended deregulation and proposed easing measures for the financial market. Atkins argues that cryptocurrencies should not be treated similar to securities, such as stocks or bonds.
“Paul is a proven leader in common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to investor needs and that provide capital to make our economy the best in the world.”said Trump on his profile on .
“He also recognizes that digital assets and other innovations are crucial to making America greater than ever.”Trump said of the nominee.
The Republican has already made appointments to 15 US departments, equivalent to ministries in Brazil. It still has to announce some agency and ambassador positions.
WHO IS PAUL ATKINS
Paul Atkins is from Lilington (North Carolina) and grew up in Tampa (Florida). He began his career as a lawyer in New York, focusing on corporate and market cases.
He worked in the financial market in Paris, which led Atkins to earn the title of legal advicegranted in France to legal advisors for companies or the government. He is the founder and current CEO of , a consultancy for finance companies.
Paul Atkins was part of Trump’s 2016 campaign team, a forum for strategic and political advice on economic issues.
