Who is Paul Atkins? Trump’s new SEC chairman has the history of the Crypto – DL News

Paul Atkins It will soon find out exactly how big the crown is.

On Wednesday, the American Senate confirmed that President Donald Trump’s will choose to keep the Commission for Securities and Replacement in Voting 52 to 44.

Long time Washington Insider, Atkins has to do with the crypto industry and it is expected to be super filling Trump drive to relax the crypto rules of the nation.

“I saw that ambiguous and invincible regulation of digital funds creates uncertainty in the market and inhibits innovations”, Atkins said at his affirmation hearing last month.

“The highest priority of my presidency will work with my colleagues to Commissioners and Congress to provide a strong regulatory basis for digital assets through rational, coherent and principled access.”

Representatives and allies in industry – such as Senator Sinthia LummisThe Block Associationand the main legal officer for coinbass Paul Graval – Atkins confirmation was welcomed.

Union

Cutting cannot be higher for the crypt industry.

Atkins, 67, takes the rudder at the time when the CRIPTO regulation is in progress.

Sex had a former Gary Gensler chair break in the industry and fell or delayed almost every enforcement against crypt’s companies like bynance, Riplle and Coin.

By the way, Commissioner Hester “Cripto Mom” ​​Peirce was conducted workgroup to formulate a new approach to digital property.

To further raise the roles, Atkins can even regulate his boss, President Trump, forgiveness Cripto Empire.

The Trump-supported crypto Unstruta world Finafic has announced plans Release StableCoinand the company behind his truth of the social platform says he works with cripto.com to Develop the funds for the crypt trading.

These ETFS would come under the jurisdiction of the sector. This puts Atkins in an unprecedented position of regulating the president’s enterprise just as the agency formulates new rules for the industry.

Who is Paul Atkins?

This is not Atkins’ first rhodoo.

Spicy belt lawyer and originally born in Tampa, Florida, Atkins SEK has joined On staff for former chairs Richard C. Breeden and Arthur Levitt back in the 1990s.

He also served as a Commissioner for DC between 2002. and 2008. years, often promotes the deregulation of financial services.

Leaving the agency, Atkinny performed as founder Patomak Global PartnersBusiness consulting in Washington.

The role saw that preparing private capital jobs for compliance tests and helped Chinese accounting companies prevent business ban on the United States. Wall Street Journal.

During most of the two decades, he has established as fastening in the art reservoir and forums, often continuing his campaign for more slow touch regulation.

For the Lawington Lawyer, he was also early to recognize the power of Krupto.

Since 2017. years served As a co-presidential token Alliance, part of the Dom Digital Commerce’s lobby group.

Patomax is also listed as a Trustee in the Bankruptcy FTX for the Committee’s Conference, from January 2022, 10 months before Crypto Carpri Sam Bankman-Fried-a Blev Up Spray Bloomberg.

Atkins has up to $ 6m in crypto-related means, in words Happiness.

Although the crypto industry welcomed Atkins, his background also opened criticism.

In March, Elizabeth WarrenSenator from Massachusetts having a reputation as an anti-crypto Firebrand, questioned Atkins’ connections with the crippt industry and in Wall Street in A letter with 34 pages.

Despite this, even crypto critics like John Reed Starka, former head of the Agency Agency who worked next to Atkins, holding a new sec chair in a high price.

“Until I agree with his attitudes on the digital property regulation”, Stark Posted on X“, Paul Atkins is an honorable individual and a constant patriot, which is, as 32. Sec Chair to guide with fairness, sincerity, transparency and responsibility.”

Eric Johansson is an editor news DL News. You have the top? E-mail to eric@dlnews.com.