Paul Atkins Misreads Adam Smith and the American Founding

SEC chair Paul Atkins claims the Declaration of Independence and Adam Smith's Wealth of Nations share a common conviction, using this to justify deregulation, especially in crypto. But the evidence contradicts him: Jefferson wrote the Declaration without consulting Smith, and both Smith and the Founders supported public oversight of finance. Atkins's crypto agenda, favoring politically connected firms, undermines the very principles he invokes.

Markets retain their legitimacy only when the public believes the rules apply equally to everyone.

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2026-08-22