Crypto is getting the SEC boss it wanted in Paul Atkins
President-elect Donald Trump’s pick to run the SEC, Paul Atkins, is the boss the crypto industry wanted.
Wall Street may like him, too.
For years now, Atkins has made it clear he favors clearer regulations of cryptocurrencies that don’t stifle innovation or impose unnecessary oversight. He also has criticized the Dodd-Frank legislation that was enacted after the 2008 financial crisis to rein in the biggest US banks.
He would, if confirmed, replace the outgoing Securities and Exchange Commission Chair Gary Gensler, who emerged as a major foe of the crypto world due to his crackdown on many of the industry’s largest players.
