Coinbase’s Chief Legal Officer Paul Grewal has expressed support for Paul Atkins' nomination as the SEC chair, who promises to focus on regulatory clarity in the crypto industry.
Paul Atkins’ Nomination and Priorities
Atkins, a long-time advocate for free markets, emphasized his leadership would prioritize providing structured and workable regulations for cryptocurrencies. He believes clear guidelines will help open new markets for investors and solidify America's global leadership in financial technology.
Ending Debanking & Strengthening Financial Inclusion
The hearing discussed the practice of debanking, where crypto companies and underserved communities face difficulties accessing banking services. Atkins and Gould expressed the importance of ending this practice and returning the SEC to its foundational mission—protecting investors and fostering fair markets.
Atkins's Vision for the SEC under Trump Administration
Atkins linked his focus on crypto regulations to broader economic goals aligned with the Trump administration’s vision. He stated: "A top priority of my chairmanship will be to work with my fellow commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach."
The crypto industry sees hope for a regulatory framework that supports growth rather than stifles innovation as Atkins awaits confirmation.
