Key dealers
- Paul Atkins, nominated for the SEC chair, plans to establish clear guidelines for digital assets.
- Atkins emphasizes the need for coherent regulation to prevent market uncertainty.
Paul Atkins, President Trump’s nominees for the SEC chairman, has promised to establish clear regulatory guidelines for digital assets if it is confirmed to lead the agency.
“A top priority of my presidency will be to work with my co -commissioners and congress to provide a fixed legislation for digital assets through a rational, coherent and principle strategy,” stated Atkins in his testimony before the Senate Committee.
The Senate Committee for Banking, Housing and City issues is scheduled to hold an open session negotiation tomorrow to evaluate Atkin’s nomination as SEC chairman.
Due to its experience of the leading industry’s best practice for digital assets since 2017, Atkins emphasized that “ambiguous and non -existent regulations for digital assets create uncertainty in the market and inhibit innovation.”
Atkins, which previously served as Sec Commissioner from 2002 to 2008, is currently leading Patomak Global Partners, a strategy, risk management and consultancy for compliance.
During his previous term at SEC, he advocated for greater openness and emphasized robust cost benefit analyzes in legislative decisions.
“Regulation should ideally be smart, efficient and appropriately tailored within the limits of the supervisory authority’s statutory authority,” Atkins said. “Clear rules for the road benefit all market players.”
If confirmed, Atkins said he would prioritize protecting investors from fraud, keeping politics out of securities regulation and promoting clear guidelines that encourage investment in the US economy.
If the Committee approves its nomination, it will proceed to a complete Senate vote. With Republicans who have a majority in the Senate, Atkins is likely to be confirmed unless major opposition arises.
Atkin’s confirmation process has been delayed Due to extensive financial information related to the family’s wealth and professional ties to crypto replacements and defi platforms.
According to FortuneTrump’s SEC chairman lids up to $ 6 million in crypto-related investments, including equity in crypto companies such as Securitize and Anchorage Digital, and a share in chain capital, a crypto investment fund. He does not have directly crypto assets like Bitcoin.
As part of its ethics agreement, Atkins has undertaken to divest its holdings if it is confirmed to lead the securities office.
David Sacks, the White House AI and Crypto Czar, previously revealed that he had sold up to $ 200 million in crypto -related holdings before the new administration began.
