This Week in Web3: A Crypto-Friendly SEC
Cryptocurrency may have started as a rebel yell against traditional finance, but its future is increasingly converging with it.
And with the news Wednesday (Dec. 4) that U.S. President-elect Donald Trump plans to nominate Paul Atkins as chair of the U.S. Securities and Exchange Commission (SEC), observers are hopeful that the crypto-friendly move could turn the industry from a volatile gamble into a stable powerhouse.
Atkins, if confirmed by lawmakers, would succeed the current SEC chair Gary Gensler, who for years was considered by industry insiders to be the crypto sector’s public enemy number one.
If the SEC under his leadership adopts a more cooperative crypto tone, it could unlock new opportunities for Web3 innovation….
