US President Donald Trump‘of Securities and Stock Exchange Commission (SEC) Paul Atkins, who is nominated for his presidency, will attend the approval session in the US Senate next week. Development may pave the way for Atkins to take office in April. Trump in the same session Currency Supervision Office (OCC) will be nominated for the presidency of Jonathan Gould will be evaluated.
The importance of being Atkins’ SEC President for crypto currencies
Paul AtkinsIs an experienced financial expert who worked as a SEC commission member between 2002 and 2008. Atkins, known for its conservative approach against financial regulations, is especially known for its opposition to some provisions of the Sarbenes-Oxley Law. Moreover crypto currency It also draws attention with its friendly policies. In this respect, the fact that Trump nominated Atkins as the SEC Chairman is considered a positive development for the crypto currency market.
Atkins Selection It is expected that it has significant impact on the crypto currency market. Although loosening financial regulations is seen as a positive development for Wall Street, there are some risks in terms of investor protection. Nevertheless, Atkins’s positive approach to crypto currencies Crypto Money Market it can lead to a more innovative and supportive period.
Being Gould’s OCC president can also positively affect the crypto currency market
On the other hand Jonathan Gouldas a name with a wide experience in the field of financial regulations and law. Between 2018 and 2021, he served as Senior Vice President and Chief Legal Consultant at OCC. Also Blockchain Company BitfuryThe fact that he worked in the crypto money market shows that he is close to the market. As in Atkins, Trump nominated Gould as the OCC presidency is seen as part of the ongoing change in crypto currency -friendly arrangements.
If Gould is appointed as the President of the OCC, on behalf of the institution Crypto Coins And it is expected to reduce the uncertainties of regulation in blockchain technologies. This may have a significant impact on the growth of the crypto money market and reaching a wider audience. However, as the effect of these changes will be shaped depending on the application over time, investors will have to be patient.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
