Why Trump’s SEC Chair Pick, Paul Atkins, Is So Positive for Crypto - Ep. 745
Episode publishedPodcast: UnchainedUnchained
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Paul is a he is is deeply, deeply steeped in the industry. Again, he's not someone who's just talked about crypto a little bit, and it's something that he's been forced to talk about because he's been interested in this role. Paul has been one of us fighting for clarity, regulatory clarity, fighting for this technology to not only survive, but just to exist.
Hi, everyone. Welcome to Unchained. You're an Ohio resource for all things crypto. I'm your host, Laura Shin. This is the December 6th, 2024 episode of Unchained. We're starting a new tradition here. We'll be including show comments on the recent episodes in every recording. To start, here's 2 about last Friday's show featuring Kartik Patel on Anoncast, the farcaster app that allows people to send completely anonymous posts using 0 knowledge technology. Kelsey Ruiz said, quote, the lore behind this does not disappoint. And Maxim Vezenov tweeted, so at slock, which is Kartik, built a noncast in
Thanks so much for having me. Great to be here, Laura.
This week, president-elect Trump officially nominated Paul Atkins to be the next SEC chair. You're very familiar with Atkins who has been cochair of the Digital Chambers Token Alliance. Assuming he is approved by the senate, what would you say would be the significance of his potential tenure as chair of the SEC for the crypto industry?
It's a massive shift. I mean, getting someone who is not an outsider, who knows the SEC inside and out, has served as a commissioner before, but also is familiar with digital assets. And not only familiar with digital assets, but has led on it. You mentioned that he has been a cochair of our token alliance, which is really our capital markets working group. He's been influential in the policies that we put forward representing the entire industry. It's not that he only understands this industry. He's been a part of it. He gets it. He understands the problems. He understands the problems with t
So, obviously, because of, how the SEC has influenced the crypto industry, especially over these last few years. I think the industry, you know, is especially excited for the fact that he has been a part of it, for quite some time. However, he also served as SEC commissioner from 2002 to 2008 under president George w Bush. And I wondered what he did during that time or, you know, anything about that period that gives a hint as to what we could expect from him as chair, you know, both, for traditional markets and crypto.
I think there's 2 really important things from his previous tenure at the SEC. 1 is that he has familiarity and worked directly with the Republican SEC commissioners that are there today. He worked directly with commissioner Hester Peirce. She was a staffer for him as well as commissioner Mark Ueda was a staffer for Paul Atkins. So when we look at how the commission is going to work going forward and how they're going to work together to get things done, they have familiarity already. They've done it. They've rolled up their sleeves together and they've been in the war together. And so that is
So as we mentioned earlier, since 2017, he's been cochair of the token alliance. And from his work there, I wondered what you could tell us about his views on crypto and what you think his top crypto related priorities might be once he starts his tenure.
Yeah. He's been really instrumental in all of our, public comment letters to the SEC, to our amicus briefs, and some of the enforcement actions. We've always leaned on Paul for his guidance. He knows how the commission works inside and out and how it should work. And t
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