Incoming SEC chair Paul Atkins owns up to $6 million in crypto-related assets—though no Bitcoin

Paul Atkins, President Donald Trump’s Solana and Cardano, that it alleged were unregistered securities. The SEC also targeted celebrities like Kim Kardashian and Lindsay Lohan for promoting tokens, among other individuals. The crypto industry fought back and argued that decades-old securities law did not apply to new technology. Executives like Brian Armstrong, the CEO of Coinbase, argued that the government should draft legislation to account for blockchains, rather than crack down on the crypto sector.