Crypto “really exciting,” Paul Atkins was the former SEC Commissioner who said this in an interview on a podcast.
In the same interview, he stated that the FTX crash just so happened to happen in crypto. But fraud is still fraud. He likened Sam Bankman Fried’s behavior to that of Bernie Madoff.
Aside from public appearances, it’s clear that Atkins — who, in case you somehow missed it, is officially President-elect Donald Trump’s pick to take over the SEC — is not only knowledgeable about crypto but has been active in the space for years.
Atkins seems to have a strong pro-crypto stance on paper. But I’m curious about who Atkins really is. Which, of course, could give some readthrough on how he’d lead the SEC if he were to take the helm — which, as my colleague Casey Wagner pointed out — won’t be for a while because he has to get through the nomination process. You should temper your expectations because the deal is not yet done.
Carlos Domingo, CEO of Securitize told me that he has been on the advisory board for Securitize since 2019.
“He’s definitely going to bring a different attitude toward the space that is less about enforcement actions and litigation and more about figuring out what’s the right regulation for letting this industry flourish,” He continued. Domingo had known Atkins since his days at SEC, and his role as the Token Alliance co-chair which was initiated by the Chamber of Digital Commerce.
Atkins, Domingo told Domingo, will likely be “less controversial” He’s likely to be more likely than not to have “a dialog with the industry participants to figure things out … Not having this animosity toward the industry, but somebody can sit with people and understand, you know, what needs to be done, so that there is investor protection and there is a certain type of regulation, but at the same time, the industry can actually grow.”
Atkins stated that the Free the People Podcast episode mentioned earlier was a “recording of Atkins saying it is a podcast.” “too bad” There are a number of cryptocurrency companies “couldn’t comply” With the current rules “the way they’re written.” He also thanked Hester Peirce with whom he had previously worked.
“If the SEC were more accommodating and would deal straightforwardly with these various firms, I think it would be a lot better” Atkins suggested that crypto companies should work in the US directly instead of overseas.
The US gains a lot by losing Atkins. “really good” He said that he could be the leader of SEC.
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