SEE: Trump’s Victory Signals A Deregulation Of The Banks And Why This Will Lead To Greater Problems
Trump announced the decision on his social media platform Truth Social.
Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on and studied the digital assets industry.
Trump said in his post
According to The Digital Chamber, the company is “a team of former regulators, industry experts and lawyers, [and] serves as the leading policy voice for tokenized networks, apps, and issuers. We champion the power of tokens to revolutionize asset digitization and transfer, ensuring it’s secure, transparent, and efficient.”
The company added: “The blockchain world is a maze of innovation, but murky regulations are slowing us down serving as a major impediment to investment and innovation. Digital tokens wear many hats – from investments to platform utilities to payment methods. This multifaceted nature confuses traditional regulators, leaving innovators in a lurch, unsure of which rules to follow.”
Cited by the Financial Times, Atkins said that the SEC “should be there with its ear to the ground to… accommodate activity that’s not criminal and then enable markets to flourish, because if it challenges incumbents and it helps to bring down costs for investors and for people who are trying to raise capital, I mean that’s the reason why we have financial markets.”
Coin Telegraph noted that crypto markets have surged since Trump’s re-election and Gensler’s resignation. Trump campaigned he’d make the U.S. the “crypto capital of the world.”
AUTHOR COMMENTARY
This selection should come as no real surprise as Trump has made it VERY clear that it is going the crypto route full steam ahead. More specifically, all roads lead to tokenization, something I have thoroughly documented was going to be the case. Like it or not (and you should not like it), that’s the direction it is going.
Read the full details here:
Tokenization: The New World Order Monetary System To Digitize All Assets And Nature, Including You
Proverbs 28:11 The rich man is wise in his own conceit; but the poor that hath understanding searcheth him out.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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