President-elect Donald Trump confirmed Paul Atkins’ nomination as the subsequent US Securities and Trade Fee (SEC) chairman in a Dec. 4 Belief Social publish.
Trump acknowledged that Atiks “acknowledges that digital belongings and different improvements are essential to creating America higher than ever earlier than.”
He added:
“Paul is a confirmed chief for widespread sense rules. He believes within the promise of sturdy, revolutionary capital markets which can be conscious of the wants of Buyers, & that present capital to make our Economic system the perfect within the World.”
Atkins, a former SEC Commissioner from 2002 to 2008, is thought for his advocacy of free-market rules and investor safety and his concentrate on clarifying advanced monetary markets.
Throughout his earlier tenure on the SEC, Atkins championed insurance policies to boost market transparency and enhance monetary disclosures.
Along with being the CEO and Founding father of Patomak World Companions, a danger administration consultancy, Atkins can be the co-chairman of the Digital Chamber’s Token Alliance, a job he has held since 2017.
This connection to the crypto sector has led many to consider he might be the correct candidate to handle ongoing regulatory uncertainties surrounding digital belongings within the US.
Background on the nomination
Atkins’ nomination comes after weeks of hypothesis and discussions concerning the perfect candidate to guide the SEC.
Earlier than Trump’s crew interviewed Atkins on Nov. 27, a wide selection of names have been rumored to be into account, together with SEC Commissioner Mark Uyeda, former Commodity Futures Buying and selling Fee (CFTC) Chair Heath Tarbert, and Robert Stebbins, a Willkie Farr & Gallagher LLP accomplice.
The rumors included former Binance.US government Brian Brooks, Robinhood’s chief authorized officer Dan Gallagher, and SEC Commissioner Hester Peirce.
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