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MICA Daily|Trump appoints Paul Atkins as the new SEC chairman, encryptioncoin rises in the market
Donald Trump, the elected President of the United States, has officially nominated Paul Atkins to replace Gary Gensler as Chairman of the Securities and Exchange Commission (SEC). Paul Atkins, a former SEC commissioner, has been actively promoting transparency and investor protection. It is worth noting that Paul Atkins is a cryptocurrency-friendly individual who has been focusing on the digital asset field since 2017.
He founded the digital asset company Patomak Global Partners and serves as CEO. He is also co-chair of the digital commerce association 'Token Alliance'. Trump's nomination is one of the promises to cryptocurrency voters.
After Gary Gensler confirmed his resignation, the cryptocurrency market surged. Analysts predict that the competition in the coin market may continue until 2025. Several companies such as Bitwise and VanEck have swiftly filed applications for related ETFs such as SOL and XRP, and the industry is looking forward to the new SEC leadership to quell legal actions against cryptocurrency companies. According to the Blockchain Association, the SEC filed 104 lawsuits against the cryptocurrency industry during Gary Gensler's tenure, resulting in a legal burden of up to 426 million dollars.
Statement: The article only represents the author's personal opinions, not the objective views and positions of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Block will not be responsible for any direct or indirect losses incurred by investors in their transactions.
"MICA Daily|Trump Appoints Paul Atkins as New SEC Chairman, Rise on the EncryptionCoin Market" This article was first published in Blockers.