President-elect Donald Trump confirmed Paul Atkins’ nomination as the subsequent US Securities and Change Fee (SEC) chairman in a Dec. 4 Belief Social submit.
Trump said that Atiks “acknowledges that digital property and different improvements are essential to creating America larger than ever earlier than.”
He added:
“Paul is a confirmed chief for widespread sense rules. He believes within the promise of sturdy, modern capital markets which are 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 understood for his advocacy of free-market ideas and investor safety and his deal with clarifying complicated 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 threat 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 may very well be the appropriate candidate to deal with ongoing regulatory uncertainties surrounding digital property within the US.
Background on the nomination
Atkins’ nomination comes after weeks of hypothesis and discussions concerning the perfect candidate to steer the SEC.
Earlier than Trump’s group interviewed Atkins on Nov. 27, a wide selection of names have been rumored to be into consideration, 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 associate.
The rumors included former Binance.US govt Brian Brooks, Robinhood’s chief authorized officer Dan Gallagher, and SEC Commissioner Hester Peirce.
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