Coin Edition -
- Paul Atkins has been appointed as the new SEC Chair.
- BTC Hit $102K for the first time in history.
- Atkins, Peirce, and Uyeda will bring “common sense back” to the SEC.
Paul Atkins has been chosen as the new Chairman of the U.S. Securities and Exchange Commission (SEC) by President-elect Donald Trump, joining Commissioners Hester Peirce and Mark Uyeda. The announcement drove Bitcoin (BTC) to hit $100,000 for the first time in history.
Dubbed the “dream team” by attorney Jeremy Hogan of Hogan & Hogan, the trio is expected to bring “common sense” and investor protection back to the SEC. Ripple’s chief legal officer, Stuart Alderoty, commented on X (formerly Twitter) that this leadership could significantly benefit crypto firms like Ripple, Coinbase (NASDAQ:COIN), and Binance.
The triumvirate of Atkins, Peirce, and Uyeda at the SEC will not only bring common sense back to the agency, but true investor protection as well. https://t.co/dV0f5qDAOy— Stuart Alderoty (@s_alderoty) December 4, 2024
In his nomination announcement, Trump highlighted Atkins’ extensive experience, including founding Patomak Global Partners, a risk management consultancy, and serving as an SEC Commissioner from 2002 to 2008. Trump praised Atkins as a “proven leader for common sense regulations” who recognizes the importance of digital assets and their role in building a stronger economy.
Ripple CEO Brad Garlinghouse lauded Trump’s decision, stating that the time has come to “end the prohibition era on crypto” and focus on restoring economic freedom and innovation.
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An outstanding choice – Paul Atkins at the helm of the SEC will bring common sense back to the agency. Along with Hester Peirce and Mark Uyeda, it’s time to swiftly and definitively end the prohibition era on crypto, restoring freedom of choice, economic growth, and innovation. https://t.co/w8Rqrnubyj— Brad Garlinghouse (@bgarlinghouse) December 4, 2024
Crypto Community Cheers Bitcoin’s Surge
The news of Atkins’ appointment helped propel Bitcoin to $102,000—a record-breaking milestone. The SEC’s prior lawsuits against Ripple and other firms have cast uncertainty over the industry. However, the crypto community flooded the X platform with calls for the SEC to drop these lawsuits under Atkins’ leadership.
Hester Peirce, going by “Crypto Mom,” acknowledged on X that the SEC has a “lot of work ahead” after years of disruption under the previous chair. She expressed confidence in Atkins’ ability to steer the agency toward innovation-focused policies.
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