Paul Atkins sworn in as US SEC Chair

[peter0425]

April 21st, Paul Atkins is sworn in as US SEC Chair for the second time. He served his time as the SEC Chair from 2002 to 2008 and now 17 years later, he is back. This is seen as a positive thing as Paul Atkins is notoriously pro-crypto. Bitcoin is now at $88k after scaring a lot of investors the past weeks. Do you think the rise in bitcoin price is a reaction to the new SEC Chair?

What do you want to see from Paul atkins? Can we expect less strict management under him when it comes to crypto? Since he was already into cryptocurrency and blockchain technology, I am expecting SEC to be more accepting of innovations when it comes to crypto. What about you?

[Charles-Tim]

Do you think the rise in bitcoin price is a reaction to the new SEC Chair?

No. We all know that he is the next SEC chair already and it happened the way we predicted it. The rise in bitcoin price followed the pause of tariffs by the United States. Immediately after the pause, bitcoin rose and still continue to rise than fall.

What do you want to see from Paul atkins? Can we expect less strict management under him when it comes to crypto? Since he was already into cryptocurrency and blockchain technology, I am expecting SEC to be more accepting of innovations when it comes to crypto. What about you?

SEC are not going for any innovations but regulations. We should expect more regulations but which may favour those altcoins. I wish he should follow the good work of Gary Gensler.

[DeathAngel]

Better than Gensler but the regulatory environment around Bitcoin & most of crypto is kind at the moment any way. The Biden administration was hostile towards innovation, the Trump administration is kind to it. However the trade war means everything is down so short term it doesn’t matter who SEC chair is.

[Majestic-milf]

What do you want to see from Paul atkins? Can we expect less strict management under him when it comes to crypto? Since he was already into cryptocurrency and blockchain technology, I am expecting SEC to be more accepting of innovations when it comes to crypto. What about you?

I will like for him not to be in support of altcoins (too much) but that would be a big ask considering that his boss is pro-altcoins even though he tries to make us believe his love encompasses everything cryptocurrencies. I'm not in the least bit surprised that he got the job because he has had dealings with President Trump and as of 2016, he joined a business forum assembled by President -elect, Trump to provide advice on strategy and policy on economic issues so it's okay to say they go way back and it's only fair to appoint someone you've worked with.

 I doubt that you can get innovative in the SEC when your job is basically to protect investors, maintain a fair and efficient market and then facilitate capital formation.
With Paul Atkins in Trump's corner, I don't know if we'd be seeing favorable calls being taken for Bitcoin. We'd just have to wait and see.

[Taskford]

Better than Gensler but the regulatory environment around Bitcoin & most of crypto is kind at the moment any way. The Biden administration was hostile towards innovation, the Trump administration is kind to it. However the trade war means everything is down so short term it doesn’t matter who SEC chair is.

The way how it looks like especially that he is pro crypto then provably that he's really better than Gensler. But somehow its early to tell especially that we don't see him yet work with critical matters. What we all know that he's good for crypto. So let see if there are positive changes like they create a good move to adopt Bitcoin then implement something that beneficial to the whole community. Since if they can do that then there's provably no objection that Atkins is really more better than Gensler.

Biden administration is bad for crypto and they didn't spend any effort to know how useful Bitcoin for them also to people, they just shut it down and just ignore anything about Bitcoin since they may have another interest to protect that gives them more benefits.

[Ruttoshi]

Biden administration is bad for crypto and they didn't spend any effort to know how useful Bitcoin for them also to people, they just shut it down and just ignore anything about Bitcoin since they may have another interest to protect that gives them more benefits.

I agree with you that Biden administration is bad for crypto but the market was doing pretty good, especially bitcoin during Biden administration. It was in Biden administration that bitcoin hit a new ATH before the halving which hasn't happened before in bitcoin history. Strict regulations which wasn't tormenting th crypto market through trade wars.

I hope that Paul Atkins wouldn't make us feel that he's like his Boss Trump, who only love bitcoin with his speech but his actions ain't showing it. However, they're still new in office. Let's see what happens after a year.

We need pro-bitcoin lovers like the president of El Salvador and not pro-shitcoiners.

[Apocollapse]

I'm surprised we're still discussing about x is better than y because x is pro crypto/Bitcoin, then how about Trump? I see that many people are disappointed and regret for supporting him to be US president.

Let it be Paul Atkins, Gary Gensler or anyone else, we shouldn't let popular person to affect the market again.

At least don't be surprised If Paul Atkins did something bad to the economy or Bitcoin.

[FortuneFollower]

I'm surprised we're still discussing about x is better than y because x is pro crypto/Bitcoin, then how about Trump? I see that many people are disappointed and regret for supporting him to be US president.

Let it be Paul Atkins, Gary Gensler or anyone else, we shouldn't let popular person to affect the market again.

At least don't be surprised If Paul Atkins did something bad to the economy or Bitcoin.

It's a never-ending cycle of belief, then regret, and then again - belief into things changing to the better.

And we, for sure, don't know what is inside the heads of anybody in question.

[ellie888]

What I’d want to see from him is a push for clearer, more consistent rules around crypto. Like, make it easier for legit projects to operate without feeling like the SEC is a constant threat. And maybe finally approve more spot ETFs? Also, ending the whole “regulation by enforcement” vibe would be a good start

[henry_of_skalitz]

What I’d want to see from him is a push for clearer, more consistent rules around crypto. Like, make it easier for legit projects to operate without feeling like the SEC is a constant threat. And maybe finally approve more spot ETFs? Also, ending the whole “regulation by enforcement” vibe would be a good start

It may be, or it may be he will no so crypto-friendly after all - only time will tell.

[Agbe]

Congratulations to him on his appointment as the chairman of the American security and exchange commission even though he is pro crypto as stated earlier but personally speaking I don't see any new innovations that can be brought in by him because crypto currency has been made legal and has been officially registered with the sec so i done see the magic that he is going to crypto currency because as far as am concern crypto is a good season , maybe his appointment may mean well for the general American business environment but coming to crypto no much difference will be made

[freedomgo]

The rumors finally came true, and this seems positive for crypto. Reports show he’s personally invested in the space, so we likely won’t see anti-crypto policies. While we probably won’t face outright bans, increased regulation does come with a cos, and that is our privacy. After all, that’s always been the real goal behind regulation. Let’s just hope those in power don’t become the new market manipulators they claim to police.

[Churchillvv]

Regardless of his new appointment or position as of chairman of SEC it has no direct impact in the bitcoin market, bitcoin is now at 90k it has been on the green side since trump announced the 90 days tariff war seized, however Paul is known for his strictness yet I'm not expecting that this time because trump is the president and a crypto friendly president including Paul himself. I only seem positivity towards bitcoin for now.

[hd49728]

The rumors finally came true, and this seems positive for crypto. Reports show he’s personally invested in the space, so we likely won’t see anti-crypto policies. While we probably won’t face outright bans, increased regulation does come with a cos, and that is our privacy. After all, that’s always been the real goal behind regulation. Let’s just hope those in power don’t become the new market manipulators they claim to police.

It's reasonable but I really don't believe that the previous SEC. Chairman Gary Gensler did not invest his money in Bitcoin and cryptocurrency. Policy is affected more by a party, more than individual benefit and perhaps Gary Gensler did many things on behalf of the White House adminstration under Joe Biden and the Democratic Party.

I hope that this appointment can be a fresh air to help Bitcoin stopping its long boring accumulation and soar toward the ATH, before breaking it and make new ATHs. The bull run still has several months in 2025 year to soar up more and complete the Euphoria phase before bear market returns in 2026.

[EL MOHA]

I'm surprised we're still discussing about x is better than y because x is pro crypto/Bitcoin, then how about Trump? I see that many people are disappointed and regret for supporting him to be US president.

Let it be Paul Atkins, Gary Gensler or anyone else, we shouldn't let popular person to affect the market again.

At least don't be surprised If Paul Atkins did something bad to the economy or Bitcoin.

The thing is whether we like it or not discussions like this will definitely arises, as bitcoin investors this things do not directly impact the bitcoin market but realistically they definitely have an impact on the price of bitcoin indirectly. This are people who make economical decisions and as such this decision have their effect on the market sentiment and the sentiment will in turn influence the price.

Right now the bitcoin market is pumping all because the market sentiment has shifted to been bullish with this mans appointment even if I know he can’t have much role to play in this administration but I think his friendly regulations which will most certainly not be affecting bitcoin but rather Altcoins will simply impact the cryptocurrency market sentiment and we could be seeing ups from.

But regardless no politician shouldn’t be trusted with bitcoin and the market can never be manipulated by any

[fikrett]

Regardless of his new appointment or position as of chairman of SEC it has no direct impact in the bitcoin market, bitcoin is now at 90k it has been on the green side since trump announced the 90 days tariff war seized, however Paul is known for his strictness yet I'm not expecting that this time because trump is the president and a crypto friendly president including Paul himself. I only seem positivity towards bitcoin for now.

..And the next day we may see the continuation of the tariff war and plummet from where we started - it's all in smoke now, and I hope, really hope your words to be true and for confidence to stick up for the weeks and months to come.

[kotajikikox]

Better than Gensler but the regulatory environment around Bitcoin & most of crypto is kind at the moment any way. The Biden administration was hostile towards innovation, the Trump administration is kind to it. However the trade war means everything is down so short term it doesn’t matter who SEC chair is.

Having a SEC chair that is kind to cryptocurrency means that is one less problem for the community. It is obvious that back in previous years, SEC were targeting a lot of crypto exchanges and projects and I do not believe it was for the greater good. They just really wanted to rattle the crypto community and benefit from imposing rules to these crypto projects. SEC having a chair that is kind to crypto does not guarantee bitcoin will always have an upward momentum but we can at least be confident that bitcoin and crypto will not be attacked for baseless reasons by the SEC no matter what happens in the economy that could affect bitcoin.

[Aanuoluwatofunmi]

April 21st, Paul Atkins is sworn in as US SEC Chair for the second time. He served his time as the SEC Chair from 2002 to 2008 and now 17 years later, he is back. This is seen as a positive thing as Paul Atkins is notoriously pro-crypto. Bitcoin is now at $88k after scaring a lot of investors the past weeks. Do you think the rise in bitcoin price is a reaction to the new SEC Chair?

What do you want to see from Paul atkins? Can we expect less strict management under him when it comes to crypto? Since he was already into cryptocurrency and blockchain technology, I am expecting SEC to be more accepting of innovations when it comes to crypto. What about you?

This is practically politics and there is nothing we all can do anymore over it because the deed has been done, we are only to join in support for his tenure to be a successful one, i hope it will also not turned a kind of situation, whereby the maid is now commanding over her mistress, because now that they have Jerome kicked out and took Paul in, its an indication for something practically which i believe most of us also has feelings about.

[Mpamaegbu]

Do you think the rise in bitcoin price is a reaction to the new SEC Chair?

Yes, I think the bullishness we see today in the market is as a result of that news. I saw it midnight of today and I knew it was going to skyrocket Bitcoin price. Then Bitcoin was trading around $86k or so. From then till now as I type this it has done an extra $4k+ in less than 24hrs. I still think that Bitcoin hasn't fully reacted accordingly to that news. Perhaps in days to come we're likely to see sharp price movement upward and other recent fundamentals pushing price higher coming to play. This month and May look like they will be interesting times for Bitcoin.

[betswift]

Definitely feels like the market is reacting to his return—he’s always leaned pro-crypto. Hoping this means more clarity and support for innovation!

I do think it's not because of Paul, imo. Just the overall situation after what we saw on the chart previously: rebounce.