The president-elect of the United States, Donald Trump, announced this Wednesday the nomination of Paul Atkins as the next chairman of the Securities and Exchange Commission (SEC), a conservative who advises financial firms and cryptocurrency companies.
“He is a proven leader on common sense regulations. “Believe in the promise of innovative and robust capital markets that respond to the needs of investors and provide capital to make our economy the best in the world,” Trump said in a message on his Truth Social social network.
The future Republican president stated that Atkins “recognizes that digital assets and other innovations are crucial to making the United States a better country than ever,” a message that seems to indicate that the new Government will opt for pro-cryptocurrency policies.
The announcement of the appointment comes a few days after the current chairman of the SEC, Gary Gensler, announced that he will leave his position on January 20, when the Republican assumes the presidency.
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Gensler, appointed by Democrat Joe Biden, is a figure harshly criticized by Trump for his stance against cryptocurrencies to the point that when the Republican was a candidate he stated that one of his first decisions as president was going to be to fire him.
All this to punish him for his hard line towards cryptocurrencies, an industry that Trump embraces and has promised to revive.
Atkins is the CEO and founder of Patomak Global Partners, a risk management consultancy. As co-chair of the Digital Chamber Token Alliance since 2017, he has worked and studied the digital asset industry.
He was commissioner of the SEC from 2002 to 2008 and in 2016 joined Trump to provide strategic and policy advice on economic issues.
With information from EFE
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