Michael Saylor (CEO of Strategy, formerly MicroStrategy), the top Bitcoin corporate holder (formerly MicroStrategy), has expressed support for US Securities and Exchange Commission Chairman (SEC). Paul Atkins.
Saylor penned an article on the 23rd of April mentioning that “SEC Chairman Paul Atkins will be good for Bitcoin.” Atkins follows with a statement swearing-in as the 34th chairman of the SEC On April 21, 2019.
Blue Macellari of T. Rowe Price’s digital assets division also commented favorably on Atkins being sworn in at a Bloomberg conference. interview. She was hopeful, and she recognized her. a change in how the SEC has acted Information about crypto-related issues, in particular, will be available under the new administration. “close to six or seven roundtables” Professionals in the industry. She stated:
“I think that that’s gonna feed into the ability to make thoughtful and considerate policies.”
Related: SEC and feds charge man over $200M crypto trading scheme
What is Atkins and his significance for cryptography?
Atkins received a lot of praise from the crypto-industry. appointment by US President Trump in late 2024. Katherine Dowling, general counsel at Bitwise Asset Management said that the company is not a “great choice,” Brad Garlinghouse is the CEO of RippleLabs. “will bring common sense back to the agency.”
The choice was not unanimously praised. Massachusetts Senator Elizabeth Warren said during Atkins’s nomination hearing He had a he was able to “staggeringly bad judgment” In his role as an SEC Commissioner leading up to 2008’s financial crisis. Atkins worked at the SEC from 2002 until 2008.
Patomak Global Partners had advised FTX, the cryptocurrency exchange, before it collapsed in 2022. She raised a complaint with this firm. Warren said:
“Your clients pay you north of $1,200 an hour for advice on how to influence regulators like the SEC, and if you’re confirmed, you will be in a prime spot to deliver for all those clients who’ve been paying you millions of dollars for years.”
Related: SEC says it won’t re-file fraud case against Hex’s Richard Heart
Atkins is accused of being biased
Warren sent a letter to Atkins in late March, stating that he should expect questions about his potential role at the agency due to his ties to the crypto industry through Patomak. Before being named, Atkins revealed a personal and family financial portfolio A public ethics document released before his Senate confirmation hearing shows that he is worth over $327 million.
David Sacks (Trump’s artificial-intelligence and crypto czar) filed an early March notice suggesting that the venture capital company he runs, Sacks Venture Capital, would be a good fit for Trump. sold more than $200 million In crypto and stocks related to it before assuming this role.
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Source: cointelegraph.com
