Will Paul Atkins Replace Gary Gensler as the Next SEC Chair?
The post Will Paul Atkins Replace Gary Gensler as the Next SEC Chair? appeared on BitcoinEthereumNews.com.
After Gary Gensler announced that he will resign on January 20, when President-elect Donald Trump takes office, heated speculation about who will become the next SEC Chair is nearing its conclusion. Several reports declare Paul Atkins, a veteran financial regulator, as the current favorite for the role. After his tenure as an SEC commissioner during the George W. Bush administration, Atkins founded Patomak Global Partners, a consulting firm for major financial industry clients. He also worked as an independent compliance consultant and court-appointed monitor in settlements involving federal agencies and regulators. In 2016, he joined Trump’s economic advisory team, which included CEOs from Disney, JPMorgan, General Motors, and BlackRock. According to a Bloomberg report, Donald Trump has already interviewed Paul Atkins and considers him to be a leading candidate for the position of the next SEC Chair. Trump is expected to announce his pick in the coming days, but no decision has been made yet. Following the news, Atkins’ odds on the prediction market Kalshi shot up to 60%, leaving behind two other possible candidates, Binance US ex-CEO Brian Brooks and Teresa Goody Guillen, a former SEC attorney who now represents blockchain companies. Atkins previously testified before Congress on restructuring the SEC to improve its efficiency and cut expenses, which is again in line with Trump’s vow to roll back government spending. If selected, Atkins’ appointment bodes well for crypto. A known advocate for blockchain and digital innovation, Atkins is anticipated to be a prime candidate for reversing the purported damage done to the industry by Gensler’s SEC. “Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer. Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency…
Filed under: News - @ November 28, 2024 2:14 am