US President-elect Donald Trump revealed on Wednesday his intention to appoint, after taking office, Republican lawyer Paul Atkins as head of the Securities and Exchange Commission (SEC). Atkins is known for his public support for the promotion and development of cryptocurrencies. A former commissioner of the independent authority from 2002 to 2008 during the George W. Bush administration, Paul Atkins will succeed Democrat Gary Gensler, who announced his resignation in late November after Donald Trump’s election victory. He is currently the managing director of the financial risk management and consulting company, Patomak Global Partners, and an advisor to the Digital Chamber, an organization promoting the blockchain technology on which cryptocurrencies are based. Although he has spoken out publicly against the use of cryptocurrencies for profit, he is in favor of the broader development of the sector. His stance is diametrically opposed to that of outgoing SEC chairman Gensler, who was marked by a wave of […]
Source: News Beast
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