Trump Appoints Paul Atkins as SEC Chair, Fulfilling Crypto Promise

Dec 4, 2024, 05:54 PM

President Donald Trump has officially nominated Paul Atkins, a former SEC commissioner and pro-cryptocurrency advocate, as the next chair of the Securities and Exchange Commission (SEC), replacing Gary Gensler. Atkins, who served from 2002 to 2008 under President George W. Bush, is known for his critical stance on overregulation and support for innovation in the financial sector. He is the founder of Patomak Global Partners and serves as an advisor to the Digital Chamber of Commerce and Reserve Protocol. Since 2017, Atkins has co-chaired the Token Alliance at the Digital Chamber of Commerce. Trump's nomination of Atkins, announced on Truth Social and accepted at Mar-a-Lago, fulfills his promise to support the crypto industry and make the United States the 'crypto capital.' The appointment signals a significant shift toward a more crypto-friendly regulatory environment at the SEC.