Cody Carbone, President of The Digital Chamber, discusses the promising nomination of Paul Atkins as SEC chair. Atkins is viewed as a pro-crypto ally poised to shift agency approaches away from 'regulation by enforcement.' Cody highlights potential drops in ongoing lawsuits against crypto firms and suggests Atkins may ignite a reassessment of current policies. He speculates on Trump's surprising moves regarding commissioner appointments and the possibility of a dedicated 'crypto czar.' Expect clarity in regulations under Atkins' leadership!
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insights INSIGHT
Atkins's Significance
Paul Atkins's potential SEC chairmanship is a massive shift for crypto.
His deep industry knowledge and prior experience as commissioner make him a unique candidate.
insights INSIGHT
Past as Prologue
Atkins's prior SEC tenure (2002-2008) reveals his anti-regulation-by-enforcement stance.
He values private sector collaboration and believes innovation should be market-driven.
insights INSIGHT
Atkins's Crypto Priorities
Atkins understands the crypto industry's problems due to his involvement with the Digital Chamber’s Token Alliance.
He prioritizes guidance, rulemaking, and addressing regulatory gaps over enforcement actions.
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With the nomination of the pro-crypto Paul Atkins to be the next SEC chair, the crypto industry is potentially facing a 180 from the agency. As co-chair of The Digital Chamber’s Token Alliance initiative and a board member of Securitize, Atkins is not only pro-crypto, but also against the type of “regulation by enforcement” strategy of current Chair Gary Gensler.
In this episode, Cody Carbone, president at The Digital Chamber, explains why Atkins is likely to start reassessment of the agency’s lawsuits against crypto firms, why Trump might break with protocol to fill one of the commissioner seats that would typically be filled by a Democrat, and who he thinks might make for a good “crypto czar.”
Show highlights:
Why Cody that Atkins leading the SEC would be a massive transformational shift
What can be expected from Atkins given his prior experience
What crypto cases might be dropped under his leadership
Whether Atkins could provide rulemaking before Congress passes legislation
Cody’s hard criticism of Gary Gensler’s modus operandi
Why Cody thinks Trump could surprise people when it comes to replacing Democratic Cmr. Jaime Lizárraga
How long it could take for Congress to confirm Atkins
Why Cody believes that Atkins will support Hester Peirce’s Safe Harbor proposal
Whether the CFTC will be the primary regulator of the crypto industry in a Trump administration
Whether the U.S. will have a crypto czar and who it could be
What crypto legislation Cody thinks is likely to be passed in 2025
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