Digital Asset Defender
Atkins served as a Republican SEC commissioner throughout the George W. Bush administration, after which he based Patomak World Companions, a consulting agency for main monetary trade purchasers.
He’s a powerful proponent of digital property and fintech corporations. He has additionally testified earlier than Congress on methods to restructure the company’s operations and cut back what some trade contributors would think about duplicative or overly burdensome rules.
Trump had promised to fireplace Gensler on “day one,” a vow that turned moot when the previous Goldman Sachs banker introduced earlier this month he would step down in January.
Gensler led the SEC with an formidable agenda, cracking down on crypto, following a collection of high-profile collapses, together with the implosion of Sam Bankman-Fried’s FTX trade.
Gensler’s SEC was ceaselessly criticized by the trade as making rules by way of enforcement as an alternative of creating clear the best way to play by the foundations, an strategy that might change underneath the brand new administration.
Trump embraced cryptocurrency throughout his marketing campaign, after as soon as describing it as a rip-off in opposition to the greenback. He promised supporters he’d create a strategic Bitcoin stockpile, appoint crypto-friendly regulators and finish the outgoing administration’s “anti-crypto campaign.”
The SEC underneath its new chief is predicted to remain centered on what’s thought-about bread-and-butter priorities: rooting out fraud, taking intention at insider buying and selling, stopping Ponzi schemes and curbing inaccurate, deceptive or overly lofty disclosures.
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