Significant changes in financial regulation in the US are on the agenda. Paul Atkins, chosen for President Donald Trump for the SEC presidency, will be involved in the Senate approval next week. With the completion of the approval process, Atkins may start to work next month.
SEC President vote
At this meeting, the Senate will evaluate not only Atkins’s candidacy, but also Jonathan Gould’s proposal to undertake the management of the National Banking Office. In addition, Luke Pettit’s candidacy will be discussed for the Assistant Secretariat of the Treasury Ministry. The elections reflect the country’s efforts to draw a new direction in the field of banking and financial regulations.
The nobility of Atkins will pave the way for SEC to take bigger steps for crypto currencies. The current temporary administration is thought to have some large crypto gospels that are crypto -friendly, but the main president is waiting for the task.
Crypto asset arrangements
Paul Atkins has previously worked as a member of the SEC commission and worked as a consultant in crypto currency. Trump administration is known to have preferred this island in order to support alternative approaches to some past practices in the SEC. This led to different expectations about the regulatory approaches of the sector.
In addition, Jonathan Gould, who was proposed to undertake the management of the National Banking Office, is on the agenda, especially in a period when developments in the crypto asset sector are closely monitored. His role is very important as the current legislative work includes stablecoins.
One of the important events of the next week will be obviously. While Atkins is expected to sit in the chair until June, it will be in favor of crypto currencies.
While the news points to possible changes in the US finance regulation structure, it creates expectation that important steps will be taken to increase the compliance between regulatory institutions and to ensure flexibility in the digital asset sector.
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.
