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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Approves Of Paul Atkins, Trump's Pick To Replace SEC Chair Gary Gensler

Paul Atkins Gary Gensler SEC Donald Trump Crypto Brad Garlinghouse Hester Peirce Bitcoin Mark Uyeda Tom Emmer
Paul Atkins talks about regulations at CoinMarketCap's The Capital conference in Singapore, November 2019. The Capital '19: Fireside Chat with Paul Atkins, Former Commissioner, U.S. SEC | YouTube (Credit: CoinMarketCap YouTube / Screenshot)

KEY POINTS

  • Trump specifically praised Atkins for his tested leadership in 'common sense regulations'
  • Atkins is known for avoiding enforcement-first strategies in finance regulation
  • Some crypto leaders believe he will usher in a more 'balanced' regulatory process
  • Ripple's Brad Garlinghouse said Atkins is an 'outstanding choice' for the role

U.S. President-elect Donald Trump has officially nominated former Securities and Exchange Commission (SEC) Commissioner Paul Atkins to replace outgoing Chair Gary Gensler, marking a new era in the digital assets space.

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