New SEC chair ‘will be good for Bitcoin’ — Michael Saylor
Michael Saylor, CEO of Strategy, endorsed SEC Chair Paul Atkins, stating he will be beneficial for Bitcoin. Atkins was sworn in on April 21, 2024. Blue Macellari from T. Rowe Price expressed optimism about the SEC's approach to crypto under Atkins, noting increased engagement with industry professionals. Accolades for Atkins followed his appointment, with industry figures like Katherine Dowling and Ripple CEO Brad Garlinghouse praising him. However, Senator Elizabeth Warren criticized Atkins for past judgment during the 2008 financial crisis and raised concerns about his consulting firm’s ties to FTX. Warren highlighted potential conflicts of interest due to Atkins' financial background, revealing a portfolio exceeding $327 million. David Sacks, involved in crypto and AI, also faced scrutiny for significant crypto sales prior to his role.
