Paul Atkinswho currently runs the financial consulting firm Patomak Global Partners as CEO and former commissioner of the Securities and Exchange Commission (SEC), has been selected by President-elect Donald Trump to chair the regulatory agency.
Atkins, appointed by President George W. Bush, served a six-year term at the SEC and is seen as a crypto-friendly alternative to the current presidentGary Gensler.
During his time at the SEC, Atkins was noted for his critical examination of the agency’s enforcement actions and decision-making procedures, advocating for “greater transparency and consistency,” as highlighted by the Federalist Societya conservative legal organization.
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In a publication At Truth Social, Trump said Atkins is “a proven leader in common sense regulations”. The president-elect also added:
It also recognizes that digital assets and other innovations are crucial to making the United States a better country than ever.
As co-chair of the Token Alliance, an initiative launched in 2017 by the Digital Chamber of Commerce to “promote and help shape the responsible growth” of token sales, Atkins “has led industry efforts to develop best practices for the issuance of digital assets”according your profile on the Patomak Global Ventures website.
atkins expressed enthusiasm for cryptocurrenciescalling them an “exciting new asset class” and showing enthusiasm for using their regulatory knowledge to “help foster the ecosystem.”
Atkins’ appointment highlights the growing influence of pro-crypto voices in shaping American politics. Recently, another pro-crypto figure, Howard Lutnick, joined Trump’s cabinet as Secretary of Commerce. What role will Lutnick play in advancing blockchain innovation? Read the full story.
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