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The most anticipated question of who could be the next SEC Chair has finally come to an end, as President-elect Donald Trump in his latest Truth social post noted that he officially nominates Paul Atkins as the next SEC Chair.
“I am delighted to announce the nomination of Paul Atkins to be the next Chairman of the Securities & Exchange Commission,” he underscored.
Trump reinforced his belief in Paul noting that he 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. He also noted that Atkins recognizes that digital assets & other innovations are crucial to ‘Making America Greater than Ever Before.’
Atkins, who now leads the consulting firm Patomak Global Partners, is expected to be much more amicable towards cryptocurrency interests than President Joe Biden’s SEC Chairman, Gary Gensler, who has been staunchly criticised for his hostile take on crypto and is all set to resign on January 20.
Trump who once disapproved crypto, has now completely changed his stance, known to be a pro-crypto President has now called for a strategic national Bitcoin reserve, and has also promised to make the U.S. a “world capital” for crypto and establish a crypto advisory council.
“Crypto is one of those things we have to do,” Trump said in September as he formally launched the World Liberty Financial project. “Whether we like it or not, I have to do it.”
Notably, Paul is the CEO & Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on & studied the digital assets industry. A former SEC Commissioner from 2002-2008, Paul has strongly advocated for transparency & protecting investors.