President-elect Donald Trump confirmed the appointment of Paul Atkins as the next chairman of the US Securities and Exchange Commission (SEC) on December 4 during a Trust Social after.
Trump stated that Atiks “recognizes that digital assets and other innovations are critical to making America greater than ever before.”
He added:
“Paul is a proven leader in common-sense regulations. He believes in the promise of robust, innovative capital markets that respond to investor needs and provide capital to make our economy the best in the world.”
Atkins, a former SEC commissioner from 2002 to 2008, is known for his advocacy of free market principles and investor protection and his focus on clarifying complex financial markets.
During his previous tenure at the SEC, Atkins championed policies to increase market transparency and improve financial disclosures.
In addition to being CEO and founder of Patomak Global Partners, a risk management consultancy, Atkins is also co-chair of the Digital Chamber’s Token Alliance, a role he has held since 2017.
This connection to the crypto sector has led many to believe that he could be the right candidate to address the ongoing regulatory uncertainties surrounding digital assets in the US.
Background information about the nomination
Atkins’ nomination comes after weeks of speculation and debate over the best candidate to lead the SEC.
Before Trump’s team interviewed Atkins reportedly went by a wide range of names on November 27, including SEC Commissioner Mark Uyeda, former Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, and Robert Stebbins, a Willkie Farr & Gallagher LLP partner.
Rumors included former Binance.US CEO Brian Brooks, Robinhood Chief Legal Officer Dan Gallagher, and SEC Commissioner Hester Peirce.
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