Incoming SEC Chair Paul Atkins for Common Sense Regulations

[TomPluz]

Finally, Trump has already announced that he is nominating Paul Atkins to head the SEC replacing the current chairman Gary Gensler due to get out of the office before Trump will be inaugurated in January 20.

"Paul is a proven leader for common sense regulations," Trump said in his Truth Social post. "He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before."

As a SEC commissioner himself for some few years, Paul Atkins has the experience and the expertise to guide the agency in many challenges ahead...and the whole cryptocurrency industry is rejoicing all because this man is a solid supporter of cryptocurrency and can be part of what Trump promised during the campaign.

Are you positive of this pick?

[NotATether]

Everyone who holds Bitcoin is apparently positive, because the price just broke $100K.

Holders of other coins too, have a reason to rejoice.

Operation Chokepoint 2.0 will be, well, chokepointed, and we will see a golden age of crypto-friendly businesses and easy on-ramps/off-ramps for individuals and businesses (pending ID verification, of course).

[ABCbits]

Looks like it's reason Bitcoin price passed $100K today.

Are you positive of this pick?

His work history gives positive impression. From quick google search, it seems he doesn't appear on public much. Although 2 news[1-2] i found state he shared somewhat positive statement towards cryptocurrency.

[1] https://www.coindesk.com/markets/2018/07/30/a-blueprint-for-reforming-the-crypto-token-market
[2] https://finance.yahoo.com/news/sec-crypto-rules-hacks-172805817.html

[hugeblack]

I don't think it's related to cryptocurrencies as Atkins served as a commissioner for the securities regulator from 2002 to 2008 (according to Wikipedia) so it's a return of a Republican to the scene and it's not necessarily related to cryptocurrencies but in general the measures will be less stringent than in the past and so the market has factored that in as the price is at the $100k threshold.

[Bobcrypto]

Finally, Trump has already announced that he is nominating Paul Atkins to head the SEC replacing the current chairman Gary Gensler due to get out of the office before Trump will be inaugurated in January 20.

"Paul is a proven leader for common sense regulations," Trump said in his Truth Social post. "He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before."

As a SEC commissioner himself for some few years, Paul Atkins has the experience and the expertise to guide the agency in many challenges ahead...and the whole cryptocurrency industry is rejoicing all because this man is a solid supporter of cryptocurrency and can be part of what Trump promised during the campaign.

Are you positive of this pick?

First of all, this is a welcome development for the crypto community, it has been a long anticipation to have a crypto friendly chairman that will head the SEC for the incoming regime of Donald Trump. Now, I have no doubt that this is part of Donald Trump plans as promised during his elections campaigns.
Based on his profile, Mr Paul Atkins is s capable hand, a professional with many years experience on economic and financial sectors management. He is knowledgeable to pilot the affairs of the SEC plus the crypto sector properly. I wish  him a successful tenure.

[bitterguy28]

Finally, Trump has already announced that he is nominating Paul Atkins to head the SEC replacing the current chairman Gary Gensler due to get out of the office before Trump will be inaugurated in January 20.

that is surprising because last i heard paul atkins was quite skeptical or hesitant to accept the role the reason being he said he knew the responsibility the role brings and the difficulty associated with fixing the current sec

Are you positive of this pick?

well yeah he has the experience he was once the chair of sec so he knows what its like to lead the department he is also associated with crypto like the consultancy firm he founded specializing in fintech and crypto companies i have no doubt he can bring crypto to greater heights

[Lucius]

I honestly don't know what the new man at the helm of the SEC can do better than the good old GG who approved spot BTC ETFs which are the main reason why the price is what it is.

The fact that GG demanded transparency and fought against scammers who create crypto projects like on a conveyor belt and promise you that you will all be millionaires in a few months is nothing bad for me. I don't know what exactly people expect to happen now, maybe some wild crypto west where everyone will do what they want and will no longer go to jail if they do something bad?

[Rruchi man]

Are you positive of this pick?

Donald Trump has his reasons for making Paul Atkins his choice for the SEC chairman, and I hope his reasons align fully with the interests of the crypto community, especially those of us who have a lot of interest in Bitcoin. If both Trump and the incoming SEC chairperson are mindful of bitcoin and interested in not stopping it's growth, by the end of next year, we will maybe be celebrating $200,000 as the value of one bitcoin.

[electronicash]

Are you positive of this pick?

Donald Trump has his reasons for making Paul Atkins his choice for the SEC chairman, and I hope his reasons align fully with the interests of the crypto community, especially those of us who have a lot of interest in Bitcoin. If both Trump and the incoming SEC chairperson are mindful of bitcoin and interested in not stopping it's growth, by the end of next year, we will maybe be celebrating $200,000 as the value of one bitcoin.

Trump wouldn't pick him if the guy isn't inline with Trump stand. it would be another bunch of wasted years if Atkin doesn't support crypto.

because BTC hits $100k after choosing Atkin then maybe the big investors does have the knowledge about Atkin but most important of all is that they are certain that Gensler is an outgoing SEC. the community have had enough of him, billions have been seized because of him.

[robelneo]

Are you positive of this pick?

He is Trump's personal pick, and since he is a personal pick, Trump has given praise to the guy for having common sense in his decision, and the whole community is rejoicing, so I believe its a positive approach to the cause of cryptocurrency.
But we still have to see if the guy really can help the advancement of Cryptocurrency in the US and whatever happens in the US will have an impact globally.

[Baofeng]

Are you positive of this pick?

He is Trump's personal pick, and since he is a personal pick, Trump has given praise to the guy for having common sense in his decision, and the whole community is rejoicing, so I believe its a positive approach to the cause of cryptocurrency.
But we still have to see if the guy really can help the advancement of Cryptocurrency in the US and whatever happens in the US will have an impact globally.

Usually a SEC chairmanship is a personal pick by the President. And Paul has all the traits, I mean he has been with SEC before, so he is going to be more familiar with how things are.

Although he commented that he is reluctant to accept the position because he has a lot of cleaning up to do. Gary will left him with tons of jobs. But let's see if he will switch his stance and can't refuse what Trump is offering to him.

[LogitechMouse]

---
As a SEC commissioner himself for some few years, Paul Atkins has the experience and the expertise to guide the agency in many challenges ahead...and the whole cryptocurrency industry is rejoicing all because this man is a solid supporter of cryptocurrency and can be part of what Trump promised during the campaign.

Are you positive of this pick?

Well, the fact that the new SEC commissioner is a solid supporter of cryptocurrency shows that this is a good one for Bitcoin, cryptocurrency as a whole and to us investors as well.

On the flipside, let's see how he will manage the SEC. I expect more ETFs on altcoins being created, having a commissioner that's a pro-crypto helps Trump in fulfilling his promises back when he's still campaigning. As for the effect of the new SEC towards the price of Bitcoin, I don't think that there's any in the short term, but in the long term maybe, there will be some. Nevertheless, many are happy with this transition because aside from Peter Schiff, Gary Gensler is one of the hated people of the crypto community. Am I right? Or Am I right?

[hugeblack]

As for the effect of the new SEC towards the price of Bitcoin, I don't think that there's any in the short term, but in the long term maybe, there will be some. Nevertheless, many are happy with this transition because aside from Peter Schiff, Gary Gensler is one of the hated people of the crypto community. Am I right? Or Am I right?

Gary Gensler's statements were not in favor of Bitcoin and cryptocurrencies, but in terms of actions, his vote that led to the approval of the US ETF and all the recent increases we have seen after this decision.

[ZAINmalik75]

Finally, Trump has already announced that he is nominating Paul Atkins to head the SEC replacing the current chairman Gary Gensler due to get out of the office before Trump will be inaugurated in January 20.

"Paul is a proven leader for common sense regulations," Trump said in his Truth Social post. "He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before."

As a SEC commissioner himself for some few years, Paul Atkins has the experience and the expertise to guide the agency in many challenges ahead...and the whole cryptocurrency industry is rejoicing all because this man is a solid supporter of cryptocurrency and can be part of what Trump promised during the campaign.

Are you positive of this pick?

I do not know about Paul Atkins and will he make the adoption of crypto more. I trust Trump if he has picked him then Paul Atkins will certainly fits best for the job and investors will find good projects to start and invest. This will bring more income to the USA and economy will thrive.

I don't have any disagreement with this pick he can be proved as better than Gary and if not than the bitcoiners will make it loud that trump will listen and he will do something about that too.

[MrSpasybo]

As a SEC commissioner himself for some few years, Paul Atkins has the experience and the expertise to guide the agency in many challenges ahead...and the whole cryptocurrency industry is rejoicing all because this man is a solid supporter of cryptocurrency and can be part of what Trump promised during the campaign.

Are you positive of this pick?

Currently we have not received any rejection response from Atkins, meaning there is a possibility that we will have a crypto-friendly SEC chairman and many other commissioners who also strongly support crypto. Commissioner Caroline Crenshaw, who is anti-crypto, has been denied reappointment, so we can rest assured that other SEC commissioners will not dare to risk opposing crypto as before.

It can be said that the legal future of crypto has been secured in the US for the next term, meaning the opportunities and space for market development are enormous. The only remaining question is how far the market can grow in 2025 before the crypto winter arrives. The possibility of a super cycle has not yet been considered by me, it does not have any suggestive signals, everything is still temporarily only in expectations.