cryptocurrency Investors were eagerly waiting to learn who would be announced as the new SEC Chairman. Just recently, Trump announced appointments for many seats on his official account, and among them was the Chairman of the SEC. As we announced yesterday, Paul is becoming the head of the SEC.
New SEC Chairman
Paul, who has a close relationship with cryptocurrencies, has a new SEC Chairman and Gensler will take office after resigning on January 20. Trump wrote in his statement today:
“Paul AtkinsI am pleased to announce that ‘s nomination to be the next Chairman of the Securities and Exchange Commission.
Paul is a proven leader on common-sense regulation. He believes in the promise of robust, innovative capital markets that respond to investors’ needs and provide capital to make our Economy the best in the World. He also recognizes that digital assets and other innovations are crucial to Making America Greater Than Ever.
Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy. Since 2017, he has worked and reviewed the digital assets industry as Co-Chair of the Digital Chamber’s Token Alliance. A former SEC Commissioner from 2002-2008, Paul has been a strong advocate for transparency and investor protection. He earned his JD from Vanderbilt University School of Law and his AB from Wofford College.”
The emphasis on crypto assets here is extremely important.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
