Republican

Cryptocurrency

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Ripple CEO Brad Garlinghouse has <a href="https://x.com/novogratz/status/1864502527586128091" rel="noopener noreferrer nofollow">opined</a> that former SEC Commissioner Paul Atkins is an "outstanding choice" to lead the agency.
As <a href="https://u.today/heres-whos-going-to-replace-gensler-as-new-sec-boss" rel="noopener noreferrer nofollow">reported by U.Today</a>, Atkins, the heavy favorite, was officially picked to lead the agency on Wednesday. The pro-crypto libertarian reportedly accepted the job earlier this week.
Garlinghouse believes that Atkins will be able to bring "common sense" back to the agency.
Such sentiment is universally shared by the broader cryptocurrency industry.
Jake Chervinsky, chief legal officer at Variant, claims that it would be "impossible" to express the sheer magnitude of the shift that crypto is likely to see under an Atkins-run SEC. "This moment is a regulatory singularity before a new era for crypto," Chervinsky said.
Gary Gensler, the current SEC boss, has gained notoriety due to his aggressive anti-crypto stance. The regulator has confirmed that he will leave the agency on Jan. 20.
The Gensler replacement has received an endorsement from "Crypto Mom" <a href="https://u.today/crypto-mom-peirce-defends-ripple-ally" rel="noopener noreferrer nofollow">Hester Peirce</a>. The Republican SEC commissioner, who is known for her pro-crypto stance, is "delighted" that Atkins will be returning to the agency. "Having worked for him during his last stint at the agency, I cannot think of a better person for the job," she said.
Cathie Wood, CEO of Ark Invest, believes that the incoming SEC head will be able to free digital assets from Gensler’s "chokehold."
"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," Stuart Alderoty, chief legal officer at Ripple, said in his social media post. <a href="https://u.today/ripple-ceo-on-genslers-replacement-outstanding-choice" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Ripple CEO on Gensler's Replacement: 'Outstanding Choice'

U_Today

Other articles published on Dec 5, 2024

Is Tron (TRX) the Next Big Altcoin Bet for Investors?

Cardano Hydra Hits the Jackpot: 1 Million TPS in Gaming Test!

Zeus Network Launches ZeusNode to Boost BTC Liquidity on Solana

Intelligence Firm Now Sets A Realistic Bitcoin Target Following $100,000

Early Bitcoin Addresses Move $6M as BTC Hits $100K Milestone

Circle Trims Workforce by Under 6% Amid Strategic Review

Join our free newsletter for daily crypto updates!