According to the official announcement of Securities and Exchange American Commission (SEC), the candidate of President Donald Trump, Paul Atkins, officially took office as 34th president of the SEC.
His appointment follows the confirmation of the American Senate earlier this month, with the vote ending in a majority of 52-44.
Will Paul Atkins’ leadership transform cryptographic surveillance?
In his declaration, Atkins expressed his gratitude for President Trump and the confidence of the Senate in him. He highlighted his goal to ensure that the United States is the safest and most attractive place in the world for investment and business.
“While I come back to the dry, I am happy to join my colleagues commissioners and dedicated professionals from the agency to advance its mission to facilitate capital training; maintain fair, ordered and effective markets; and protect investors,” said the new SEC president.
Previously, during the Senate hearing, Atkins stressed that the regulation of cryptography would be a “key priority” for him. He succeeds Gary Gensler, who is known for his solid criticism of industry, in particular altcoins.
Last week, peopleler reiterated his position, arguing that feeling, not the fundamentals, led the majority of cryptocurrencies. He thinks that it makes them unsustainable and inclined to lose value over time.
In particular, the mandate of peopleler at the SEC was marked by roadblocks for several funds negotiated on the stock market (ETF). However, that changed after its release.
Since Genler’s resignation, there has been an increase in Crypto ETF applications. As Beincrypto previously reported it, 72 ETF deposits linked to the cryptocurrency with the SEC is currently awaiting approval to list or offer options.
“Complete perfection of objects related to FNB on its plate, in particular: 1) Creation and redemption in kind for the BTC and ETH ETH, 2) Spot in Spot Etfs, 3) dozens of ETF deposits linked to crypto.
Analysts suggest that overvoltage of deposits can be the result of companies testing the limits of the dry. However, Atkins’ decision on the long list of ETF Altcoin and Even Coin could create a new precedent for future deposits linked to cryptography.
“SEC in the United States is officially a pro-Crypto administration!” An analyst said.
Optimism extends beyond ETF. As part of the Trump administration, many companies, including Coinbase, Uniswap, Yuga Labs, Kraken and Ripple, have entered the SEC investigations or laws. Beincryptto stressed that these companies and several others have given more than $ 85 million to the president’s inauguration, which raises concerns about conflicts of potential interests.
From now on, Atkins’ experience and the approach adapted to the market should be essential because the SEC faces the challenges of the Cryptography Market of 2.8 Billions of Dollars. Political investors and decision -makers will closely monitor its leadership, especially since the SEC strives to find a balance between encouraging innovation and applying solid surveillance.
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