Donald Trump has appointed Paul Atkins as chairman of the Securities and Exchange Commission (SEC), to replace Gary Gensler next January. While the lawyer was one of the favorites, let’s take a closer look at his journey.
Donald Trump chooses Paul Atkins to replace Gary Gensler as head of the SEC
Wednesday evening on his social network Truth Social, Donald Trump published a press release in which he revealed that Paul Atkins will be the next chairman of the Securities and Exchange Commission (SEC).
Until the end of November, it was Dan Gallagher, Robinhood’s legal manager, who seemed to be the favorite. But the latter himself expressed that he was not interested in the position. Among the other candidates, Paul Atkins was in a good position.
If he is today the CEO and founder of the consulting firm Patomak Global Partners LLC, the lawyer is also familiar with the functioning of the SEC, having been its commissioner between August 2002 and August 2008.
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In his press release, Donald Trump calls Paul Atkins “ recognized leader »while emphasizing its openness to digital assets:
Paul is a leader recognized for his pragmatic approach to regulations. He firmly believes in the potential for dynamic and innovative financial markets that can meet the needs of investors while providing the capital needed to make our economy the best in the world. It also recognizes that digital assets and other innovations are essential to making America greater than ever.
Thus, given that Gary Gensler will leave the presidency of the SEC on January 20, his replacement should take over immediately. Paul Atkins being portrayed as supportive of cryptoassetsits first actions with regard to the ecosystem will be particularly monitored.
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In the wake of this announcement, Bitcoin (BTC) managed to break the famous ceiling of $100,000, now exceeding $2,000 billion in capitalization.
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Source : Truth Social
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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