As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies and blockchain technology, I find the recent appointment of Paul Atkins as the new SEC Commissioner to be a refreshing change. Having closely followed the regulatory landscape for several years now, I can attest to the fact that the crypto industry has been yearning for someone like Atkins – a pro-crypto libertarian who is expected to bring common sense back to the agency.
As a crypto investor, I find myself in agreement with Ripple CEO Brad Garlinghouse, who recently voiced his support for Paul Atkins as an exceptional pick to head the Securities and Exchange Commission (SEC).
According to U.Today’s report, it was announced on Wednesday that Atkins, a strong contender for the position, has been chosen to head the agency. This pro-cryptocurrency libertarian is said to have accepted the role earlier in the week.
Garlinghouse believes that Atkins will be able to bring “common sense” back to the agency.
Such sentiment is universally shared by the broader cryptocurrency industry.
Jake Chervinsky, the legal chief at Variant, states that the impact of crypto could be so substantial under an SEC led by Atkins, it would be challenging to fully convey. He describes this period as a “regulatory singularity,” marking the dawn of a new epoch for cryptocurrency.
Known for his firm opposition towards cryptocurrencies, Gary Gensler, who currently heads the Securities and Exchange Commission (SEC), has announced his departure from the agency effective January 20th.
Hester Peirce, often called “Crypto Mom”, has given her approval to Gensler’s appointment. Known for her supportive views on cryptocurrency, the Republican commissioner at the SEC is thrilled that Atkins will rejoin the agency. She expressed her happiness by saying, “During his previous tenure at the agency, I can’t imagine a more suitable candidate for the role.
According to Cathie Wood, CEO of Ark Invest, the newly appointed Securities and Exchange Commission (SEC) leader might loosen the regulatory grip on digital assets, which has been tight under the leadership of Gary Gensler.
In a social media post, Stuart Alderoty, Ripple’s Chief Legal Officer, stated that the team of Atkins, Peirce, and Uyeda at the SEC will not just restore logical decision-making to the agency but also provide genuine investor safeguards.
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2024-12-05 09:03