Let's welcome Paul Atkins, officially the new SEC Chair

[Bobcrypto]

With recent developments on the SEC before Paul Akins was finally approved, there were some developments like the closure of many Court cases souranding the issue of security of coin/tokens, I just hope he will make this security issue very clear for the community to understand.
We have heard too many conflicting information about coins/token security rating by the previous Chairman, Gary Gensler, unfortunately, many coin/tokens were categories as security which has generated arguments. With the final approval as the new SEC chairman, I think this issue and others will be sorted out in near future

[Bobcrypto]

Good to see that he is no more just the acting but now the SEC chair.

So if there is one message you wanna deliver to Paul, what would it be?

This is it what I should not let him know because it is clear that most cryptocurrencies are securities. They should not try to fool people that they are commodities. I like the fact already that he knows already that bitcoin and those coins with PoW algorithms are commodities but those coins with ICOs and PoS are securities.

These are some of the irregularities that characterized the previous SEC administration lead by Gary Gensler, he made some ambiguous security concerns and had caused many law suit with several crypto companies.
Honestly, he failed on his duty as the SEC chairman and many crypto enthusiast were so disappointed during his tenure. in fact, he was anti crypto, and so many decisions he took were unpleasant to the crypto economic developments. I think that his resignation as the SEC chairman was a welcome development because he was just anti crypto and had a lot of unnecessary Court cases like the Ripple (Xrp) that was recently closed.

[Charles-Tim]

Good to see that he is no more just the acting but now the SEC chair.

So if there is one message you wanna deliver to Paul, what would it be?

This is it what I should not let him know because it is clear that most cryptocurrencies are securities. They should not try to fool people that they are commodities. I like the fact already that he knows already that bitcoin and those coins with PoW algorithms are commodities but those coins with ICOs and PoS are securities.

These are some of the irregularities that characterized the previous SEC administration lead by Gary Gensler, he made some ambiguous security concerns and had caused many law suit with several crypto companies.
Honestly, he failed on his duty as the SEC chairman and many crypto enthusiast were so disappointed during his tenure. in fact, he was anti crypto, and so many decisions he took were unpleasant to the crypto economic developments. I think that his resignation as the SEC chairman was a welcome development because he was just anti crypto and had a lot of unnecessary Court cases like the Ripple (Xrp) that was recently closed.

So are you implying that those coins with PoS are commodities?

Those people only care about themselves. There are many coins that rose during Gary Gensler time in office. I do not care about any coin as long as bitcoin is increasing in value and adoption. Bitcoin also increased during his time. He approved bitcoin and ethereum ETF.

His truthful nature makes many people hated him.

[yhiaali3]

Good news. Goodbye, Uncle Gary Gensler, and welcome, Mr. Paul Atkins. I hope you're a good friend to Bitcoin and cryptocurrencies. We welcome you to your new role and wish you the best.

The message I want to send to Mr. Paul is to try to be as fair and open to the crypto industry as possible, and not try to destroy the industry as his predecessor Gary did. We want to provide an open environment for companies to operate more freely while protecting users. That's all we want.

[Cornpetitor]

Honestly, I think Paul is a solid pick if the goal is to bring more clarity and balance to crypto regulation.

He’s not blindly pro-crypto, but he seems to understand that innovation needs room to breathe. Compared to the previous approach, which felt more like enforcement-first, his track record suggests he'll push for clear rules without stifling the industry.

This could be a turning point if he follows through, really excited to see what he's capable of.

[bitterguy28]

Those people only care about themselves. There are many coins that rose during Gary Gensler time in office. I do not care about any coin as long as bitcoin is increasing in value and adoption. Bitcoin also increased during his time. He approved bitcoin and ethereum ETF.

many coins' value rising does not mean that the regulation was kind to them many projects were investigated by the sec and was targeted and let us be honest the regulations around crypto is still lacking and gensler did not exactly do anything to bridge the lack of certainty in the crypto regulations

His truthful nature makes many people hated him.

“This asset class is rife with fraud, scams, and abuse in certain applications,” he said in a speech at the Aspen Security Forum. “There’s a great deal of hype and spin about how crypto assets work."

is this the truth exactly about crypto?

[Charles-Tim]

many coins' value rising does not mean that the regulation was kind to them many projects were investigated by the sec and was targeted and let us be honest the regulations around crypto is still lacking and gensler did not exactly do anything to bridge the lack of certainty in the crypto regulations

I do not see what he did bad because securities supposed to be treated as securities. Although cryptocurrencies are still under-regulates.

His truthful nature makes many people hated him.

“This asset class is rife with fraud, scams, and abuse in certain applications,” he said in a speech at the Aspen Security Forum. “There’s a great deal of hype and spin about how crypto assets work."
is this the truth exactly about crypto?

Yes, it is true. You posted yourself that regulation is still lacking and even Gary Gensler was unable to solve it.

[NotATether]

I would like him to release a new or updated list of coins/tokens that are classified as securities Let's face it, he cannot be too friendly about cryptocurrencies because some fraudulent people will take full advantage of that. He could lead the agency to be strict but not overreaching.

If he does they, then he can regulate all scams on those block chains, and leave the rest to the CFTC. His agency can impose fines and imprisonment (can it though?) to scammers who create these kind of tokens, in collaboration with the FBI.