President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.

“He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump wrote on Truth Social.

  • tal@lemmy.todayEnglish
    31·
    16 days ago

    a former SEC commissioner

    Eh, that’s a pretty vanilla pick. Like, not another Gaetz.

    https://en.wikipedia.org/wiki/Paul_S._Atkins

    He was a Commissioner of the U.S. Securities and Exchange Commission from 2002 to 2008

    From 1990 to 1994, Atkins served on the staff of two former chairmen of the SEC, Richard C. Breeden and Arthur Levitt.

    He was in a closely-associated spot under Bush Senior, Clinton, and Bush Junior administrations.

    • Avid Amoeba@lemmy.caOP
      6·
      16 days ago

      Sure, he’s not Sam Bankman Fried. That said he headed the SEC during a deregulatory period that finished with the 2007-8 crisis. And he advocates for capital markets deregulation today.