politics

New SEC Chair Paul Atkins just gave the most insanely bullish crypto speech in American history

Here's why it was not only a complete 180 from Gensler's disaster, but also reveals how the SEC will achieve Trump's wish to create the Crypto Capital of the World 🧵

Chair Atkins' speech opened the SEC's crypto roundtable and it was important because it was his first chance to really reveal his crypto goals as Chair

Atkins began by admitting the SEC must change course from Gary Gensler's failures:

"It is a new day at the SEC"

Award-winning Host of @Coinage covering crypto for a mainstream audience | Fmr. YahooFinance Anchor & Harvard Econ Grad | Co-Own Coinage with me 🫡

Atkins also echoed and endorsed the new approach started by SEC Crypto Task Force head Hester Peirce to create new rules and finally provide clarity for builders

"In order for the US to be the crypto capital of the planet, the Commission must keep pace with innovation"

After 4 years of an SEC Chair (Gensler) who said crypto could only be used for fraud, I cannot overstate how amazing it is to hear Atkins talk about the positive implications:

"Blockchain technology holds the promise to allow for a broad swath of novel use cases"

As a US crypto founder who suffered through the Gensler SEC era, it was amazing to hear Chair Atkins admit why no one wanted to work with the SEC before

Watch the full speech here:

As a US crypto founder who suffered through the Gensler SEC era, it was amazing to hear Chair Atkins admit why no one wanted to work with the SEC before

Watch the full speech here: https://www.youtube.com/watch?v=Wx3WYMQd5ew