Trump's SEC Chairman Nominee Pledges Support for Crypto Sector

Paul Atkins, President Donald Trump’s nominee for chairman of the Securities and Exchange Commission (SEC), has pledged that under his leadership, the agency’s regulation will be favorable to the cryptocurrency sector. He further vowed not to let politics get in the way of raising funds. Details of his pledge were included in prepared testimony released by the Senate on Wednesday.

In his written remarks, Atkins outlined that a key focus of his chairmanship will be working with his committee colleagues and Congress. The goal of this collaboration will be to establish a solid regulatory foundation for digital assets. He stressed the need to accomplish this task in a rational, coherent, and principled manner.

Atkins is scheduled to appear at a Senate confirmation hearing on Thursday. His appointment and subsequent commitment suggest that this could be a positive development for the cryptocurrency sector, which has been seeking clarity and support from regulators such as the SEC.

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