President-elect Donald Trump confirmed Paul Atkins’ nomination as the next US Securities and Exchange Commission (SEC) chairman in a Dec. 4 Trust Social You can post a comment below..
Trump said that Atiks “recognizes that digital assets and other innovations are crucial to making America greater than ever before.”
“He added”
“Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World.”
Atkins is a former SEC commissioner from 2002-2008. He’s known for advocating free market principles, investor protection, and his emphasis on simplifying the complex financial markets.
Atkins was a champion of policies that improved financial disclosures and enhanced market transparency during his tenure as SEC chairman.
In addition to being the CEO and Founder of Patomak Global Partners, a risk management consultancy, Atkins is also the co-chairman of the Digital Chamber’s Token Alliance, a role he has held since 2017.
The fact that he has a connection to the crypto-sector led to many believing he is the ideal candidate to help resolve the regulatory issues surrounding digital currencies in the US.
The background to the nomination
Atkins’ nomination comes after weeks of speculation and discussions regarding the best candidate to lead the SEC.
Before Trump’s team Atkins on Nov. 27, a wide array of names were rumored to be under consideration, including SEC Commissioner Mark Uyeda, former Commodity Futures Trading Commission (CFTC) Chair Heath Tarbert, and Robert Stebbins, a Willkie Farr & Gallagher LLP partner.
The rumors included former Binance.US executive Brian Brooks, Robinhood’s chief legal officer Dan Gallagher, and SEC Commissioner Hester Peirce.
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