According to U.Today, Ripple CEO Brad Garlinghouse has expressed strong support for the appointment of former SEC Commissioner Paul Atkins as the new head of the agency. Garlinghouse described Atkins as an "outstanding choice" and believes he will restore "common sense" to the regulatory body. This sentiment is echoed by many in the cryptocurrency industry, who view Atkins' leadership as a positive shift for the sector.
Jake Chervinsky, chief legal officer at Variant, highlighted the significant impact Atkins' leadership could have on the crypto landscape, describing it as a "regulatory singularity" that marks the beginning of a new era. The appointment comes as Gary Gensler, the current SEC chairman known for his stringent anti-crypto stance, prepares to step down on January 20. The change in leadership has been welcomed by "Crypto Mom" Hester Peirce, a Republican SEC commissioner known for her pro-crypto views. Peirce expressed her delight at Atkins' return, citing her previous experience working with him as a testament to his suitability for the role.
Cathie Wood, CEO of Ark Invest, also expressed optimism about the new leadership, suggesting that Atkins will help liberate digital assets from what she described as Gensler’s "chokehold." Stuart Alderoty, Ripple's chief legal officer, shared similar sentiments, stating that the combination of Atkins, Peirce, and Uyeda at the SEC will not only bring common sense back to the agency but also enhance investor protection. The appointment of Atkins is seen as a pivotal moment for the cryptocurrency industry, potentially leading to more favorable regulatory conditions.
