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Posted on 12/04/2024 10:15:16 AM PST by CFW
President-elect Donald Trump, keeping with his promise for a crypto-friendly administration, plans to nominate former SEC Commissioner Paul Atkins to head the agency, according to his Truth Social post.
Currently the CEO at Patomak Global Partners, Atkins is a well-known veteran of the financial world and Republican political circles specifically. He had been widely expected to get the position as the nation’s top financial market regulator.
If confirmed, Atkins would succeed Gary Gensler, a widely reviled figure in the digital currency community for his many efforts to clamp down on the $3.5 trillion crypto market. Trump has promised a easier path for bitcoin and its myriad peers, and the market has soared since his election victory on Nov. 5.
Trump’s position on crypto mirrors his larger pro-deregulation stance prevalent during his first time in office.
(Excerpt) Read more at cnbc.com ...
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He should push to end micro-trades.
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