🎉Trump nominates Paul Atkins as SEC Chair, a significant boost for the digital asset sector
U.S. Republican President-elect Donald Trump has officially nominated Paul Atkins as the Chair of the U.S. Securities and Exchange Commission (SEC).
Trump has a very high regard for Atkins, believing that he is a leader who supports sensible regulation and has been working hard to create a strong and innovative capital market to meet the needs of investors and promote the development of the U.S. economy. Furthermore, Trump emphasized that Atkins particularly recognizes the importance of digital assets and other innovative technologies for the future of the United States.
Paul Atkins is no ordinary person; he is the founder and CEO of Patomak Global Partners and has served as the co-chair of the Digital Chamber Token Alliance since 2017, deeply engaged in the digital asset field for many years. Back in 2002 to 2008, he served as an SEC Commissioner, advocating for transparency and investor protection. He graduated from Vanderbilt University Law School with a Juris Doctor degree and also has an excellent degree from Wofford College. Trump also congratulated Atkins and his family and looks forward to the new developments he can bring to the SEC.
This nomination has excited many, especially in the cryptocurrency market. People believe that Atkins supports digital assets, and if he becomes SEC Chair, his attitude towards the cryptocurrency market may be more friendly compared to the current SEC Chair Gary Gensler, who has taken a tougher stance.
As soon as the news broke, there was a significant reaction in the cryptocurrency market. Bitcoin's price soared, breaking the $100,000 mark on the morning of December 5, reaching a new historical high.
Last night, cryptocurrency-related stocks in the U.S. stock market also strengthened, with Bit Digital (BTBT) up over 13%; Microstrategy up nearly 9%; Canaan Inc. (CAN) up nearly 8%; Riot Platforms (RIOT) and Coinbase (COIN) both up nearly 7%.
Cryptocurrency-related stocks in the Hong Kong stock market also showed strength, with Boyaa Interactive (00434) up over 20%; Lan Kwai Fong Interactive (08267) up over 10%; Meitu Inc. (01357) also up 3%, having made a considerable amount of money from selling cryptocurrency recently.
💬 Finally, how do you think Atkins' appointment as SEC Chair will affect the regulatory environment for digital assets? Will the cryptocurrency market see even greater growth?
