The post XRP Lawsuit: Gensler Offers Advice To Incoming SEC Chair Paul Atkins Amid Dismissal Buzz appeared first on Coinpedia Fintech News
President-elect Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
has chosen Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC). Atkins, who has deep ties to conservative financial circles in Washington, will replace outgoing Chair gary gensler
gary gensler
Gary Gensler is a pioneer and the current chair of the U.S. Securities and Exchange Commission. He has extensive experience that spans Wall Street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. Gary S. Gensler was on born October 18, 1957, in Baltimore, Maryland.He graduated from Pikesville High School in 1975, where he was later given a Distinguished Alumnus award. He also earned a degree in economics.Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Markets from 1997 to 1999, then as Undersecretary for Domestic Finance from 1999 to 2001He has expressed his desire to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages.
Chairman
who plans to leave on January 20. This shift raises questions about the future of the crypto markets.
Atkins, known for his pro-crypto stance, is expected to be a strong advocate for the industry. He has previously worked with the Digital Chamber of Commerce and has experience in the crypto space. Under his leadership, crypto companies like Coinbase and Ripple may see a less aggressive regulatory approach compared to Gensler’s tenure, as Atkins is likely to focus on creating clear rules for the industry rather than enforcing harsh actions.
What Gary Gensler’s Departure Means for Crypto Regulation
Gensler recently said that his main goal was to protect investors by ensuring that crypto companies follow the rules and that people can make informed decisions. He pointed out that while less than 10% of Americans invest in crypto, most don’t fully understand the risks.
In an interview with Bloomberg, Gensler opened up about his meeting with Atkins and said, “Paul and I did catch up. He knows this agency, he has worked this agency and he was a commissioner for six years.” Gensler said that he shared with Atkins an advice given to him by colleague.
The advice was,
“Remember every single day, the job is one day closer to when you join the formers club. Every day is such a privilege, use it well, use it on behalf of the American public and so that was my main advice to Paul.” (Sic)
The Future of Crypto Markets Under Atkins’ Leadership
Gensler said that SEC remains committed to holding bad actors accountable, but the market’s future, particularly for smaller tokens, remains uncertain. Whether Atkins’ appointment will stifle innovation or lead to a more stable ecosystem remains a hot topic for the industry.
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