The US Securities and Exchange Commission (SEC) is undergoing a leadership transition. Paul Atkins has been named as the successor to Chairman Gary Gensler. Despite Gensler having a few more weeks to lead the agency, he has made historic appointments, a trend former SEC Internet Enforcement Director John Reed Stark calls “Lame Duck” promotions. This backlash comes amid sustained advice that Gary Gensler needs to sheath his crackdown sword regarding the crypto industry.
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