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The crypto world embraced Atkins, who will be the chairman of the SEC.

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The election of Donald Trump as US President literally changed the fortunes of the crypto world. While the price of Bitcoin has crossed $100,000 in almost 1 month, pro-crypto and friendly names are being chosen as heads of government agencies and ministries. After bringing a crypto-friendly name to the Ministry of Finance and Commerce, a person was also recommended for the SEC in this direction.

Trump chose Paul Atkins to head the Securities and Exchange Commission (SEC). Atkins now has only Senate confirmation to become the institution’s president. It is considered certain that this approval will be obtained.

The crypto world welcomed Atkins’ election. Founders and CEOs of well-known companies said the SEC will start fresh under Atkins’ leadership.

Brad Garlinghouse: Logic will return.

Brad Garlinghouse, CEO of Ripple, one of the companies sued by the SEC, said that the sensible policy would backfire with Atkins:

“A very sound decision…Paul Atkins’ presidency will bring a sense of policy back to the SEC.” With Hester Peirce and Mark Uyeda, it’s time to immediately and definitively lift the ban on crypto and elect economic development should be restored with the independence of

Coinbase is also happy…

Brian Armstrong, the iconic CEO of Coinbase, the largest cryptocurrency exchange in the USA and another company in litigation with the SEC, tweeted a short note saying, “Paul Atkins is an excellent choice for SEC Chairmanship. …”

Paul Grewal, Coinbase’s legal counsel, also said, “Congratulations Mr. Atkins… This will restore a balance to the regulation of the securities markets. I also applaud him for taking this position. We look forward to his new leadership.

“We have a lot of work to do.”

Hester Pearce, known for her harsh criticism of Gary Gensler and referred to by the crypto world as the “Mother of Krypton”, also said she would be happy to work with Atkins:

“I am thrilled that Paul Atkins is back at the SEC. We have a lot of work to do to ensure free markets, capital formation, investor choice and innovation. Worked with him during the last term. “I can’t think of anyone better for this position.”

Emphasis on digital ownership by Cathy Wood

Claiming that Bitcoin will reach $1 million in 2030, ARK Invest CEO Cathy Wood also emphasized digital property rights:

“Cathy Wood: “It’s a great day for Bitcoin and digital property rights! SEC Chairman Paul Atkins will protect digital assets from Gary Gensler’s tyranny and protect private property rights in the digital world.

Jack Cheronsky: It’s not a change, it’s a turning point…

Jack Cheronsky, director of legal affairs at Variant Fund, a company that invests in early-stage cryptocurrency projects, commented that the SEC’s change was a “turning point”:

“It is clear that we will see huge changes at the SEC under the leadership of Paul Atkins. The feeling is indescribable. The crypto world could never have existed without the uncertainty and hostile attitudes created by US regulators. “This period will be more than a new beginning for crypto, it will be a turning point.”

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