The new chairman of the US Securities and Exchange Commission (SEC) is said to have a crypto portfolio that is worth millions of dollars.
According to a new report from Fortune, a disclosure of ethics shows that Paul Atkins-De Nominated of President Donald Trump as the next SEC chairman IS-Avergever has $ 6 million possesses to crypto-related investments, including $ 1 million in equity in two crypto companies and $ 5 million in Crypto-interest.
Atkins, who previously served as chairman of the SEC between 2002 and 2008 under the then President George W. Bush, held a board seat on Securitize-a tokenization company supported by asset management gigantic BlackRock and owned between $ 250,000 and $ 500,000 in the company, according to the report.
He also kept between $ 250,000 and $ 500,000 in equity in Crypto Bank Anchorage Digital and between $ 1 million and $ 5 million in Stailled Crypto on Off The Chain Capital, an investment fund of which he is a limited partner.
In the ethical agreement, Atkins agreed in his participations after his confirmation, which was planned for Thursday.
According to Bloomberg, Atkins and his spouse have a capital of at least $ 327 million.
Under the helm of his previous chairman, Gary Gensler waged the SEC war against the digital asset industry by accusing various high-profile crypto companies, including Ripple Labs, Binance, Coinbase and Consensys, of violating securities laws. Gensler also considered many crypto assets, including smart contract platforms Ethereum (ETH) and Solana (SOL), as effects that fell under the legal jurisdiction of the agency.
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