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比特币向10万大关发起冲刺!特朗普提名加密货币亲和派Paul Atkins任SEC主席,加密货币概念股全线飙升

Bitcoin is sprinting towards the 0.1 million mark! Trump nominated crypto-friendly Paul Atkins as SEC chairman, and crypto concept stocks are soaring across the board.

wallstreetcn ·  Dec 4 18:12

After taking office, Atkins is expected to focus on reducing regulations and mitigating penalties for violations. He is currently the CEO of the consulting agency Patomak Global Partners. The agency noted that since 2017, Atkins has been dedicated to developing best practices for the issuance and trading of digital assets as the co-chair of the crypto industry advocacy group Token Alliance. Trump stated that Atkins recognizes that digital assets and other innovations are crucial for making the usa greater than ever.

Trump nominated a pro-crypto former SEC official to lead the regulatory body, causing bitcoin to quickly rally into positive territory.

On December 4, Wednesday, Eastern Time, Trump announced the nomination of Paul Atkins, a former SEC commissioner during the Bush administration, as the next SEC chairman. Following the announcement, bitcoin began to rebound sharply after hitting a daily low early in the Wednesday afternoon trading session.

$Bitcoin (BTC.CC)$ Bitcoin once surged past $0.099 million, reaching a high not seen since November 22, close to the intraday record set on November 22 when it approached the $0.1 million mark. $Ethereum (ETH.CC)$ It once broke through $3,900, with a 24-hour increase of up to 6%.

The crypto concept stocks in the usa stock market surged across the board. $Iris Energy (IREN.US)$ Increased by more than 10%,$MicroStrategy (MSTR.US)$ Rise nearly 9%, $Coinbase (COIN.US)$ Increased by nearly 7%, $CleanSpark (CLSK.US)$ Rose more than 5%.

If Trump's nomination is confirmed, Atkins will replace the current SEC Chairman Gary Gensler after Trump takes office. Genslersaid last month, he plans to resign on January 20, the day Trump is sworn in.

Gensler's resignation is viewed as bullish by the cryptocurrency industry. Since he took office as SEC chairman in 2021, he has implemented aggressive reform measures, focusing on requiring companies to disclose climate risks, reforming stock trading rules, and cracking down on violations in the cryptocurrency sector, he ruthlessly targeted the chaos in the cryptocurrency industry.

Gensler's ambitious reform actions have caused strong resentment from Wall Street and the cryptocurrency industry. Industry insiders believe that Gensler has not provided a way that genuinely fits the characteristics of cryptocurrencies as an emerging asset class, allowing cryptocurrencies to develop reasonably under the existing regulatory framework established based on decades-old traditional financial structures.

Atkins served as an SEC commissioner from 2002 to 2008 and was previously a strong candidate for SEC chairman, founding and currently serving as the CEO of the strategy and risk management consulting firm Patomak Global Partners. His leadership of the SEC is seen as bullish by the coin community.

According to the personal resume on the Patomak Global Partners website, since 2017, Atkins has been dedicated to developing best practices for digital asset issuance and trading platforms as the co-chair of the crypto industry advocacy organization Token Alliance.

Atkins previously served as an advisor to the decentralized finance platform Reserve Rights Foundation, which issued the token RSR. Nevin Freeman, co-founder and CEO of Reserve, stated that Atkins provided guidance during the early stages of the Reserve project. Freeman expressed hope that if Atkins is appointed SEC chairman, he would bring a fair approach to rule-making.

In addition to supporting cryptos, Atkins has also criticized some financial reforms introduced by the usa government after the 2008 global financial crisis. For example, he criticized the Dodd-Frank Act for placing excessive burdens on banks.

In a statement announcing his nomination on Wednesday, Trump referred to Atkins as a recognized regulatory leader.

"He believes that robust and innovative capital markets can meet the needs of investors and provide capital to make our economy the best in the world. He also recognizes that digital assets and other innovations are essential for making the usa greater than ever before."

Commentators say that if the nomination is confirmed, Atkins is expected to focus on reducing regulation and alleviating penalties for violations. Tyler Gellasch, chairman of the financial institutions industry organization Healthy Markets Association, commented that Atkins is "the godfather of conservative capital market ideology and a mentor to a generation of policymakers," and no one is more connected or capable of leading a reduction in SEC oversight than he is.

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