Trump picks two nominees who could decide the fate of Big Tech and crypto

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President-elect Donald Trump made two nominations Wednesday that will shape significant parts of his administration’s tech enforcement, if confirmed by the Senate.

Former Republican Securities and Exchange Commissioner Paul Atkins is Trump’s pick to lead the agency, replacing Biden-appointed chair and crypto foil Gary Gensler. The selection of Atkins, who co-chairs the Token Alliance at the Digital Chamber, a group dedicated to the use of digital assets, suggests a sharp divergence from Biden-era crypto policy. In his announcement, Trump says Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”

Trump is borrowing a favorite term of Marc Andreessen’s in with his reference to “Little Tech”

In his announcement on Truth Social, Trump writes that, “Big Tech has run wild for years, stifling competition in our most innovative sector and, as we all know, using its market power to crack down on the rights of so many Americans, as well as those of Little Tech!” Trump is borrowing a favorite term of Marc Andreessen’s in with his reference to “Little Tech.” Andreessen — a venture capitalist and crypto supporter who publicly backed Trump in the election — has pushed for the recognition of a contrast between policies that benefit startups versus the largest tech players.

Slater has historically worked across the aisle, having served as an attorney advisor to former Democratic FTC Commissioner Julie Brill (who now works as Microsoft’s chief privacy officer). Her history working for Vance — who has publicly praised Biden’s FTC Chair Lina Khan for her aggressive approach toward tech — suggests Big Tech is likely to remain a key target of antitrust scrutiny in the years to come.



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Trump picks two nominees who could decide the fate of Big Tech and crypto


President-elect Donald Trump made two nominations Wednesday that will shape significant parts of his administration’s tech enforcement, if confirmed by the Senate.

Former Republican Securities and Exchange Commissioner Paul Atkins is Trump’s pick to lead the agency, replacing Biden-appointed chair and crypto foil Gary Gensler. The selection of Atkins, who co-chairs the Token Alliance at the Digital Chamber, a group dedicated to the use of digital assets, suggests a sharp divergence from Biden-era crypto policy. In his announcement, Trump says Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”

Trump is borrowing a favorite term of Marc Andreessen’s in with his reference to “Little Tech”

In his announcement on Truth Social, Trump writes that, “Big Tech has run wild for years, stifling competition in our most innovative sector and, as we all know, using its market power to crack down on the rights of so many Americans, as well as those of Little Tech!” Trump is borrowing a favorite term of Marc Andreessen’s in with his reference to “Little Tech.” Andreessen — a venture capitalist and crypto supporter who publicly backed Trump in the election — has pushed for the recognition of a contrast between policies that benefit startups versus the largest tech players.

Slater has historically worked across the aisle, having served as an attorney advisor to former Democratic FTC Commissioner Julie Brill (who now works as Microsoft’s chief privacy officer). Her history working for Vance — who has publicly praised Biden’s FTC Chair Lina Khan for her aggressive approach toward tech — suggests Big Tech is likely to remain a key target of antitrust scrutiny in the years to come.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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