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🪙 SEC Chairman Shocks Industry with Bold Crypto Support, Dismissing Gensler’s Legacy In a stunning turn of events, Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), delivered a resounding endorsement of the cryptocurrency industry at the inaugural OECD Roundtable on Global Financial Markets. Atkins made it clear that the moment for cryptocurrencies has arrived, signaling a new era of regulatory clarity and support. His bold statements have already begun to resonate within the crypto community, marking a shift away from the contentious regulatory tactics used under his predecessor, Gary Gensler. 🔸 Atkins Draws on Personal History to Back Crypto’s Rise Reflecting on his early career in the 1980s near the Place de la Concorde in Paris, Atkins acknowledged how unimaginable such advancements were back then. In a powerful reference to Victor Hugo’s famous quote about ideas whose time has come, he affirmed that cryptocurrency had reached that point. “Crypto’s time has come,” Atkins said, underscoring the profound impact digital assets now have on global financial markets. His remarks are a component of the SEC Project Crypto, announced in July, that seeks to update securities regulation and bring long-awaited regulatory confidence to the crypto sector. Atkins did not long hold back in dissociating himself from the “regulation by coercion” theory espoused by Gensler. This is because the previous SEC chairman had gained a reputation for being extremely tough on cryptocurrencies to the extent that many players regarded the behavior as aggressive. Atkins has now clarified to the world that the SEC, with him in command, is not going to stop innovation, but rather contribute to the same. Atkins did not shy away from attacking the policies of Gensler, terming them as ineffective and detrimental to the industry. His comments resonated with many, including those of the House Majority Whip, Tom Emmer, who recently referred to Gensler as the worst #SEC chair in history.

If you break it, you own it — the White House and Congress should take ownership of the inflation problem

White House: President Trump 'Legally' Removes Federal Reserve Board Member Lisa Cook

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