Former SEC Commissioner Paul Atkins is emerging as a top choice for SEC Chair under President-elect Donald Trump’s administration, signaling potential shifts in crypto regulation.
Atkins, known for his pro-innovation views and understanding of cryptocurrency, could bring significant changes to how the SEC approaches digital assets. Financial journalist Eleanor Terrett described Atkins as someone capable of restoring the SEC to its “gold standard.”
Possible Shift in Oversight
Speculation is mounting that the incoming administration may transfer crypto regulatory authority from the SEC to the Commodity Futures Trading Commission (CFTC). Such a change could result in a more supportive environment for crypto innovation, contrasting with the current regulatory framework that many in the industry consider restrictive.
Timing and Implications
If appointed, Atkins would take over after the expected resignation of current SEC Chair Gary Gensler in January 2025. His leadership could pave the way for policies that encourage the growth of blockchain technology and digital assets in the United States.
Summary Review: Paul Atkins, known for his crypto-friendly perspective, is poised to potentially lead the SEC. His appointment could mark a shift in U.S. crypto regulations, prioritizing innovation and fostering growth in the digital asset sector.
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