Trump's Crypto Pledge and Its Impact
Trump, once a crypto skeptic, had made a bold promise to make the US "the crypto capital of the planet" and create a "strategic reserve" of bitcoin. Since his victory, money has been pouring into crypto assets, with Bitcoin now trading above $95,000. This shift in sentiment has led to a growing interest in the crypto space and the need for effective regulation. 1: Trump's crypto pledge has not only attracted significant investment but has also put pressure on the government to establish a clear regulatory framework. The potential of the crypto industry to drive economic growth and innovation cannot be ignored. By nominating Paul Atkins, Trump is sending a signal that he is committed to supporting the growth of the crypto sector while ensuring investor protection. 2: Atkins' background and experience make him well-suited for this role. With a long history working in the financial markets sector, both in government and private practice, he brings a wealth of knowledge and expertise. His work on the staffs of two former SEC chairmen in the 1990s laid the foundation for his understanding of the regulatory landscape.Atkins' Tenure at the SEC
1: Atkins began his career as a lawyer and joined the SEC in 2002, a time when the fallout from corporate scandals at Enron and WorldCom had intensified the focus on Wall Street and its regulators. During his tenure, he was widely regarded as the most conservative member of the SEC, known for his strong free-market bent. He called for greater transparency in and analysis of the costs and benefits of new SEC rules, aiming to strike a balance between regulation and innovation. 2: As a commissioner, Atkins emphasized investor education and increased enforcement efforts against those who engage in fraudulent activities. He recognized the importance of protecting investors from theft over the internet and other forms of fraud. His stance on penalties for companies accused of fraudulent conduct also sparked debate, as he believed that stiff penalties did not necessarily deter crime.Atkins' Previous Work and Experience
1: Before his appointment to the SEC, Atkins worked on the staffs of two former SEC chairmen, Richard C. Breeden and Arthur Levitt. This experience gave him valuable insights into the inner workings of the regulatory agency and the challenges faced by the industry. His work in the financial markets sector has equipped him with the skills to navigate the complex world of securities and investments. 2: In 2017, Atkins joined the Token Alliance, a cryptocurrency advocacy organization, further demonstrating his commitment to the crypto industry. His involvement in this organization has allowed him to stay connected with the latest developments and trends in the crypto space and advocate for the interests of the industry.Trump's Crypto Ventures and the Impact on Atkins' Nomination
1: Trump himself has launched World Liberty Financial, a new venture to trade cryptocurrencies. This move has raised questions about his stance on crypto regulation and his potential conflicts of interest. However, by nominating Atkins, who has a deep understanding of the crypto industry and a reputation for advocating for common sense regulations, Trump is trying to address these concerns. 2: Atkins' appointment is seen as a way to bring a balanced perspective to the SEC and ensure that regulatory decisions are made in the best interests of both investors and the industry. His experience and expertise will be crucial in shaping the future of crypto regulation in the US.Trump's Crypto Move: Atkins for SEC Leadership
Atkins' Career Background
Paul Atkins embarked on his career as a lawyer and has amassed a rich history in the financial markets sector. During the 1990s, he worked on the staffs of two former SEC chairmen, Richard C. Breeden and Arthur Levitt. His extensive experience in both government and private practice laid a solid foundation for his future endeavors.In 2002, Atkins began his tenure as an SEC commissioner. This period was marked by the fallout from corporate scandals at Enron and WorldCom, which intensified the pressure on Wall Street and its regulators. Atkins was widely regarded as the most conservative member of the SEC during this time and was known for his strong free-market beliefs.As an SEC commissioner, he advocated for greater transparency in the analysis of the costs and benefits of new SEC rules. He emphasized the importance of investor education and increased enforcement efforts against those who engage in fraudulent activities such as stealing from investors over the internet, manipulating markets, and conducting Ponzi schemes.Trump's Crypto Pledge and Atkins' Role
Trump, who was once a crypto skeptic, had promised to make the US the "crypto capital of the planet" and create a "strategic reserve" of bitcoin. Since his victory, significant amounts of money have poured into crypto assets, with Bitcoin now trading above $95,000. Atkins' nomination is seen as a crucial step in fulfilling Trump's crypto-related promises.During Trump's first term, Atkins was a member of the President's Strategic and Policy Forum, providing valuable input on job creation and economic growth. In 2017, he joined the Token Alliance, a cryptocurrency advocacy organization, further demonstrating his commitment to the crypto industry.Current SEC Leadership and Atkins' Transition
Currently, the SEC is led by Gary Gensler, who has been at the forefront of the US government's crackdown on the crypto industry. Gensler, nominated by President Joe Biden, announced last month that he would be stepping down on January 20, 2025, the day of Trump's inauguration. Atkins' nomination comes at a crucial time as the crypto industry awaits significant regulatory changes.Atkins' appointment is expected to bring a different perspective to the SEC. His emphasis on free markets and investor protection may lead to a reevaluation of some existing regulations and a more balanced approach to the crypto space. However, his views on certain issues such as penalties for fraudulent conduct may also face challenges and debates within the regulatory arena.Overall, Atkins' nomination to head the SEC represents a significant development in the crypto industry and is likely to have a lasting impact on the future of digital assets in the US. It remains to be seen how his leadership will shape the regulatory landscape and whether it will meet the expectations of the crypto community and other stakeholders."Breaking Barriers in 1980s Hollywood - A Dramatic Collaboration"
Introduction to the Fictional World
"Climbing in Heels" follows the fictional rise of five ambitious secretaries as they navigate the glitzy world of 1980s Hollywood. The St. Martins Press novel offers a unique perspective on the boys-will-be-boys club and the women who fought to have a seat at the table. Though fictional, the story has echoes of Goldsmith-Thomas' own rise in Hollywood at the William Morris Agency.
These women became powerful agents representing renowned names like Julia Roberts, Jennifer Lopez, Madonna, Susan Sarandon, Tim Robbins, Spike Lee, and Nicholas Cage. Goldsmith-Thomas served as SVP at both The William Morris Agency and International Creative Management, leaving an indelible mark on the industry.
The Evolution of Goldsmith-Thomas
In 2000, Goldsmith-Thomas transitioned to becoming a studio head and a writer/producer. She was involved in movies such as Jennifer Lopez's "Maid in Manhattan" and Julia Roberts' "Mona Lisa Smile". Today, she is Lopez's producing partner and President of Nuyorican Productions, with box office hits like "Hustlers" and streaming successes like "The Mother" on Netflix.
Her journey showcases her ability to adapt and thrive in different roles within the entertainment industry, making her a force to be reckoned with.
The Creative Team's Vision
Goldsmith-Thomas expresses her excitement about partnering with Darren Star and Universal Television. She says, "I am thrilled to bring these complicated, colorful women to life. They refused to be sidelined or silenced, and their story is one that needs to be told."
Star adds, "I'm excited to team up with Elaine Goldsmith-Thomas and bring 'Climbing in Heels' to the screen. It's a unique blend of 'Mad Men' and 'Sex and the City', and I can't wait for audiences to meet this indomitable ensemble of female characters who broke all the rules."
Star's previous works, including "Beverly Hills, 90210" and "Sex and the City" (which won an Emmy for Best Comedy Series in 2001), have established him as a master of creating engaging and memorable television shows. His latest hit, "Emily in Paris", has been renewed for a fifth season, further solidifying his reputation.
Under his overall deal with Universal Television, Star develops and produces new series projects exclusively with the studio for various broadcast and streaming platforms. This collaboration with Goldsmith-Thomas is sure to be a highlight in his career.
Goldsmith-Thomas is represented by CAA and Hirsch Wallerstein Hayum Matlof Fishman, while Star is represented by UTA and attorney Sam Fischer at Ziffren Brittenham.