The appointment of Paul Atkins, a respected Washington lawyer, as the head of the Securities and Exchange Commission has been well received by Wall Street.

This decision is viewed as a step towards creating a regulatory environment that is more favorable to businesses. However, critics have expressed concerns about Atkins' regulatory philosophy, which is seen as being less strict, and his positive stance on cryptocurrencies. These positions are believed to potentially put investors at risk and weaken the protections in the financial markets.