“As the New Chairman, Atkins Takes Over A Commission Already Working Toward Friendly Digital Assets Policies and Hosting Crypto Roundtables.”, – WRITE: www.coindesk.com
Atkins permanently replaces the former chair, Gary Gensler, Who The Crypto Industry Had Widly Seen As Its Chief Antagonist in the US Government. But Uyeda and Fellow Commissioner Hester Peirce Have Already Put the Sec On a Path Greater Acceptance of Digital Assets, Forming a Crypto Task Force, Shedding A Long List of GATHERING INDUSTRY REPRESENTATIVES AT SERIES OF Crypto Roundtables. The Agency’s Staff Also Released Statements Announcing Various Corners of Crypto As Outside ITS Securities Jurisdiction.
The New Chairman Said He’s Honored by the “Trust and Confidentnce” Trump and the US Senate Plaked in Him and Is Pleased to Start Work with the Other Commissioners.
“Together We Will Work to Ensure That Us Is The Best and Most Secure Place in the World to Invest and Do Business,” He Said in A Statement.
ATKINS, WHO WAS CONFIRMED by the Senate As President Donald Trump’s Nominee Earlier this Month, Had Previously Served As An Sec Commissioner and Ran A Washington Consulting Focus. In addition to his wall street ties, atkins had also taken on Advisory Roles with Crypto Firms.
The Senate Easily Approved Atkins with A 52-44 Vote, Thought The Senate Banking Committe Had Advanced His Confirmation Along Party Lines. All The Panel’s Democrats OPPOSED THE NOMINEE, INCLUDING SENATOR ELIZABETH WARREN, WHO Criticized Atkins’ Previous Tenure at the Sec from 2002 to 2008, Tying IT.
The Sec Is Facing A Considerable Crypto Agenda, Potentilly Made More Complicated by Trump’s Personal Business Interests in the Industry, Including In World Liberty Fincial ( President’s Own $ Trump). ITS Eventual Crypto Regulations, Thought, Will Largely Be Directored by Future Legislation that’s Now a Priority in Congress.
ATKINS ‘TENURE WILL BEGIN WITH An INCOMPLETE Commission, with Just Four of Its Five Members in Place. And the sole democrat – Caroline Crenshaw – is Occupying An already Expired Term. The White House Hasn’t Yet Moved to Fill The Two Democratic Slots on the Commission, and Other Regulators Have Seen Trump attempt to Strip Democratic Members of Their Positions.
Read More: Trump’s Pick to Run Sec Paul Atkins Promises New Crypto Stance, Gets Few Questions
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