Highlights
- Ripple CEO Brad Garlinghouse supports Paul Atkins as SEC Chair, citing his “common sense” approach to crypto regulation.
- Senator Cynthia Lummis backs Atkins, calling his nomination a “huge win” for financial innovation and crypto industry clarity.
- Paul Atkins, former SEC Commissioner, has experience in financial regulation and ties to the crypto industry, boosting his potential impact.
Ripple CEO Brad Garlinghouse has publicly commented on the nomination of Paul Atkins as the next Chairman of the U.S. SEC. Garlinghouse, known for his strong stance on crypto regulation, welcomed the news, expressing optimism about the future of the crypto industry under Atkins’ leadership. In a statement, Garlinghouse referred to Atkins as “an outstanding choice,” that would bring common sense to the SEC.
Ripple CEO Brad Garlinghouse Welcomes Paul Atkins as New US SEC Chair for Crypto
In a recent post on X, Ripple CEO Brad Garlinghouse expressed strong approval of Paul Atkins’ nomination as the new U.S. SEC Chair. Garlinghouse described Atkins as “an outstanding choice,” choice. The Ripple CEO highlighted Atkin’s experience and reputation for advocating for “common sense” regulatory measures.
According to Garlinghouse, Atkins’ leadership could usher in a new era for the crypto industry. Brad emphasized,
“Paul Atkins at the helm of the SEC will bring common sense back to the agency. Along with Hester Peirce and Mark Uyeda, it’s time to swiftly and definitively end the prohibition era on crypto, restoring freedom of choice, economic growth, and innovation.”
Garlinghouse’s comments underline his consistent message in favor of clearer regulations for the cryptocurrency market. Earlier on, Garlinghouse predicted that the crypto industry would thrive under the leadership of Donald Trump.
Senator Cynthia Lummis Backs Paul Atkins for US SEC Chair
Additionally, U.S. Senator Cynthia Lummis supported Ripple CEO views on Paul Atkins’ nomination as SEC Chair. Lummis, an advocate for digital assets, expressed her approval in a statement, calling Atkins’ appointment a “huge win for financial innovation.”
The senator, who has worked extensively on crypto legislation, emphasized the importance of having a pro-digital asset leader at the SEC. She highlighted President Trump’s pledge to create the most pro-crypto administration in U.S. history and expressed her eagerness to collaborate with Atkins to promote innovation.
Paul Atkins’ nomination as SEC Chair is a huge win for financial innovation. President Trump promised to have the most pro-digital asset admin in U.S. history, and I am looking forward to working with both of them to promote innovation and make our economy strong again
— Senator Cynthia Lummis (@SenLummis) December 4, 2024
Lummis has long been a vocal critic of the SEC’s stance on digital assets and has worked to bring more clarity to the crypto regulatory framework. In a recent report, the crypto advocate proposed that purchasing Bitcoin could reduce the US national debt over the next 20 years. She suggested that by accumulating around 200,000 BTC initially and expanding to 1 million BTC over time, the rising value of Bitcoin could help offset the declining purchasing power of the US dollar.
Atkins, who served as an SEC Commissioner from 2002 to 2008, has a track record of working on regulatory issues. According to Ripple CEO, Atkins has potential to reshape the SEC’s approach to digital assets.
More so, Atkins has served in advisory roles for crypto projects like Reserve Rights (RSR). His familiarity with blockchain technology and digital assets will enable him to lead the US SEC.
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