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Paul Atkins: A Promising SEC Chair Pick for the Crypto Industry?
Leading figures in the U.S. cryptocurrency sector have expressed optimism about Donald Trump’s choice of Paul Atkins as the next SEC (Securities and Exchange Commission) chairman.
Trump’s decision marks a significant shift as current SEC Chair Gary Gensler is set to leave office on January 20.
Why Paul Atkins Might Be a Game-Changer for Crypto
Katherine Dowling, General Counsel of Bitwise Asset Management, described Paul Atkins as an “excellent choice” in a December 5 interview with Bloomberg. Highlighting Atkins’ potential to work more harmoniously with Congress compared to Gary Gensler, she stated:
“We hope the new chair fosters effective dialogue with SEC commissioners and lawmakers. This could help advance critical issues like stablecoin legislation and market structure reform.”
Ripple Labs CEO Brad Garlinghouse also welcomed Atkins’ nomination, commenting, “Atkins’ leadership at the SEC will bring common sense back to the agency.”
Similarly, Coinbase’s Chief Legal Officer Paul Grewal called Atkins’ nomination a “critical necessity.”
A New Era for the Crypto Industry?
Paul Atkins has a history of involvement with the crypto sector, serving on the advisory board of the blockchain advocacy group Digital Chamber. In a February 2023 interview, Atkins suggested that the SEC should adopt a more “collaborative” approach toward crypto firms to encourage the industry’s growth within the U.S.
Should Atkins assume the SEC chairmanship, industry insiders anticipate clearer regulatory frameworks and greater opportunities for crypto companies to thrive domestically.
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