Executives from leading cryptocurrency companies are advocating for Paul Atkins, a former SEC commissioner, to become the next chair of the Securities and Exchange Commission.
This endorsement follows the potential exit of the current SEC chair, Gary Gensler.
Atkins is seen as a figure who could provide much-needed regulatory clarity in the rapidly evolving cryptocurrency sector.
The industry's leaders are keen to see direction under Atkins that fosters innovation while ensuring compliance.
The support signifies a desire within the cryptocurrency space for a balanced regulatory approach that addresses current market uncertainties.
