It was like you know the suitable response before asking.
First of I may ask, what range do we rate Donald Trump in the crypto industry at large in both regulations and scalability? Because all I know is that everyone are acting on disguise like they are pro to bitcoin with an ulterior motive which Trump falls in the category.
Now is Akin. Do you think he would do better than Trump or likely to say bitcoin would only gain positive phase when Trump have to be surrounded with enthusiasts?
I just think bitcoin will do well without this people just like you said, the formal SEC chair person who was not a fan but yet bitcoin gained it access shape.  It should be known that bitcoin is unstoppable and as a case of the current regulations, there will come a time where the governments will have to choice than to accept it with flexible regulations.

Let's read some headlines related to Paul Atkins.

Crypto regulation a 'top priority,' says Trump. SEC picks Paul Atkins at hearing: CNBC Crypto World
Incoming SEC chair Paul Atkins owns up to $6 million in crypto-related assets—though no Bitcoin

So, based on these headlines, we can predict that further regulatory tightening is coming, which may not have a positive impact on the cryptocurrency industry or the privacy of Bitcoin users.

Or we don't need to celebrate as this is already expected that Atkins will be the next SEC chair. There are already expectations why before this one, so it doesn't makes any difference and I do not think that it can influence the price if this is what we are going to see.

Although I believed that Atkins is going to be crypto friendly and set the standards and hopefully crypto projects are going to take advantage of a SEC chair that might approved everything and previous cases being drop against crypto projects.

The moment Bitcoin got regulated, it was pretty much expected that our privacy would take a hit. That's just how governments work, if we want true privacy, we shouldn't let Bitcoin get regulated in the first place. But here's the thing... if it stays unregulated, you've got all these scams running wild, so governments really had no choice but to step in and regulate it their way.

Now, even with all these new rules and laws controlling how Bitcoin works, I still believe that if you're smart about it, you can keep your privacy intact. I mean, there are always workarounds, right? You just gotta know how to navigate it.

are you suggesting that crypto market does not go into a bearish cycle and instead continue its bullish run? that is a controversial take because that is an on going debate that will only be answered in due time

yes it might be positive for crypto but we should not think that this will change the way the crypto market goes into cycles
definitely positive step forward but no need to celebrate too much and start exaggerating of what could happen under trump's presidency and atkins' administration

The market will not react much about whatsoever outcome of the senate committee on banking, except if we start to see positive policies being implemented by the incoming SEC during when he must have assumed office, we are yet to get which direction or what this administration is up to with crypto until they come out clearly only time would tell. Regulatory clarity is what I see coming when the new SEC chairman assumes office,  after senate committee's confirmation.

I think it’s pretty much confirmed, no?

I mean Trump has mentioned Atkins to be the one to replace the previous sec chair. I actually thought that Atkins was already in position when Trump got to the white house. Besides there is no other name associated anymore with sec. I doubt if the confirmation can bring the market to a rise unless Atkins starts making real changes immediately.
I doubt he will or at least any time soon lest he will never be taken seriously anymore after.

I don't think so, i detest anything that has to do with SEC because at the end, everything they are implementing will only work for them and not to the best interest of the people or bitcoin, if they think they really want to help in such situation, then they must be ready and able to work it out that we see it clear in their policies, i think i heard of recent that they are not recognizing bitcoin as a security and for them to have utter this out, there is much they have in mind as against bitcoin and crypto and i will suggest we don't get deceived by their tricks to remain a subject under them by what they offers.

You're absolutely right. It's actually in his best interest to push for favorable regulations that could increase the value of his future investments. Some might accuse him of manipulation or bias, but for those of us who want positive progress in the crypto space, that doesn't really matter. What's important is that we're moving toward meaningful change for the entire industry.

Yes of course everyone in such position would want to put in place favorable policies as it is that they are into the system and have assets of huge volume in monetary value and they would want to protect their interest as well which we all know is nothing new.  Also, It is expected that criticism would arise from all corners to question policies that would be implemented for the Crypto community with bias and sentiments but the truth is that whatever the policies are, they ought to be favorable and convenient for the community at large.