Trump confirms nomination of Paul Atkins as the new SEC chair

President-elect Donald Trump confirmed Paul Atkins’ information arsenic the adjacent US Securities and Exchange Commission (SEC) president successful a Dec. 4 Trust Social post. 

Trump stated that Atiks “recognizes that integer assets and different innovations are important to making America greater than ever before.”

He added:

“Paul is simply a proven person for communal consciousness regulations. He believes successful the committedness of robust, innovative superior markets that are responsive to the needs of Investors, & that supply superior to marque our Economy the champion successful the World.”

Atkins, a erstwhile SEC Commissioner from 2002 to 2008, is known for his advocacy of free-market principles and capitalist extortion and his absorption connected clarifying analyzable fiscal markets.

During his erstwhile tenure astatine the SEC, Atkins championed policies to heighten marketplace transparency and amended fiscal disclosures. 

In summation to being the CEO and Founder of Patomak Global Partners, a hazard absorption consultancy, Atkins is besides the co-chairman of the Digital Chamber’s Token Alliance, a relation helium has held since 2017. 

This transportation to the crypto assemblage has led galore to judge helium could beryllium the close campaigner to code ongoing regulatory uncertainties surrounding integer assets successful the US.

Background connected the nomination

Atkins’ information comes aft weeks of speculation and discussions regarding the champion campaigner to pb the SEC. 

Before Trump’s team interviewed Atkins connected Nov. 27, a wide array of names were rumored to beryllium nether consideration, including SEC Commissioner Mark Uyeda, erstwhile Commodity Futures Trading Commission (CFTC) Chair Heath Tarbert, and Robert Stebbins, a Willkie Farr & Gallagher LLP partner.

The rumors included erstwhile Binance.US enforcement Brian Brooks, Robinhood’s main ineligible serviceman Dan Gallagher, and SEC Commissioner Hester Peirce.

The station Trump confirms information of Paul Atkins arsenic the caller SEC chair appeared archetypal connected CryptoSlate.