As an analyst with a keen eye for political trends and a background in financial regulation, I find myself intrigued by the potential appointment of Paul Atkins as the next SEC chair. Given Trump’s history of making unexpected choices (think Matt Gaetz for Attorney General), it’s always wise to keep an open mind.
Multiple news sources are speculating if Paul Atkins, who served on the U.S. Securities and Exchange Commission during President George W. Bush’s term, might be chosen by Donald Trump to take over as the head of the regulatory body around 2025.
As a researcher, I recently observed an intriguing development regarding potential appointments by President Trump post-inauguration in January. Initially, according to Kalshi’s prediction platform, the likelihood of him nominating Jay Clayton Atkins, a former SEC commissioner, skyrocketed to 93%. However, these odds subsequently dipped below 90%, yet Kalshi still maintains that Atkins has significantly higher chances than other contenders for the regulatory position. This includes Brian Brooks, a previous acting comptroller of the currency, and Teresa Goody Guillen, a former SEC attorney.
As an analyst, I found myself delving into recent news on November 27th, where it was reported that Trump’s team extended an invitation for me, Atkins, to have a meeting with the president-elect. Subsequent reports from various news sources, citing anonymous sources, have speculated that either I was chosen by Trump as his pick for SEC chair or I was hesitant about accepting the position.
When the post was made, Trump had not yet publicly announced any selection for the SEC chair position through his preferred platform, Truth Social. Should Atkins be selected by Trump, he would still require formal nomination in January and approval from the U.S. Senate, where Republicans will hold a narrow majority.
Despite Kalshi predicting Trump might choose one of Atkins, Brooks, or Guillen to lead the SEC, it’s still feasible that Trump could pick someone else entirely. The president-elect surprised many by selecting Matt Gaetz for US Attorney General in November, even though he was not initially on the shortlist; however, Gaetz later withdrew his nomination.
Will Trump pick an SEC chair favorable to the crypto industry?
During his presidential campaign, Donald Trump had pledged to replace Gary Gensler as SEC Chair with someone favorable to the cryptocurrency industry. Gensler announced his resignation in November, which coincided with Trump’s planned inauguration on January 20th.
The chair of the Securities and Exchange Commission (SEC) holds substantial power to shape policies concerning digital assets, such as deciding whether the regulatory body will pursue legal action against companies accused of offering unregistered securities. Members of the cryptocurrency sector have urged the SEC to establish clear guidelines, expressing concern that a lack of uniform regulation could cause businesses to leave the country.
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2024-12-03 22:50