It is a truth universally acknowledged, that a single man in possession of a considerable fortune, must be in want of nothing… except perhaps, the appearance of impartiality in regulatory matters. 🙃
Behold, the newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), Mr. Paul Atkins, whose crypto portfolio is reported to be a staggering $6,000,000! 🤯 A sum that would make even the most seasoned gentleman of means, blush with envy.
As revealed by an ethics disclosure, courtesy of Fortune, Mr. Atkins’ vast crypto holdings comprise approximately $1,000,000 in equity, divided between two esteemed crypto firms, and a further $5,000,000 invested in crypto funds. One cannot help but wonder, if this places him in a somewhat… delicate position, vis-à-vis the regulation of digital assets. 🤷♂️
It appears, Mr. Atkins previously held a distinguished board seat at Securitize, a tokenization firm blessed with the patronage of the venerable BlackRock, and owned call options valued between $250,000 and $500,000 in the same. Additionally, he possessed equity in the crypto bank Anchorage Digital, to the tune of $250,000 to $500,000, and a staked crypto interest in Off the Chain Capital, ranging from $1,000,000 to $5,000,000, as a limited partner, no less! 📈
In a gesture of transparency, or perhaps, a nod to the inevitability of scrutiny, Mr. Atkins has agreed to divest these holdings upon his confirmation, slated for the forthcoming Thursday. 📆
For those who delight in the particulars of others’ fortunes, it is worth noting that Mr. Atkins and his spouse boast a combined net worth of, at the very least, a staggering $327,000,000, as reported by Bloomberg. 🤑
One cannot help but recall the, shall we say, ‘vigilant’ stewardship of the SEC under its previous Chair, Mr. Gary Gensler, who waged a veritable crusade against the digital assets industry, accusing several illustrious crypto firms of transgressions against securities laws. The very same Mr. Gensler, who deemed certain crypto assets, including the esteemed Ethereum (ETH) and Solana (SOL), as securities, thus bringing them under the SEC’s watchful eye. 👀
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2025-03-26 21:42