Trump Picks Pro-Crypto Paul Atkins, Former Bush SEC Commissioner, to Replace Gensler as SEC Chair

Dec 3, 2024, 05:32 PM

President-elect Donald Trump has reportedly selected Paul Atkins, a pro-crypto advocate and former SEC Commissioner under President George W. Bush, to chair the U.S. Securities and Exchange Commission (SEC), replacing current Chair Gary Gensler. Atkins, who served under Bush and co-chairs the Token Alliance at the Digital Chamber of Commerce since 2017, is known for his support of innovation in the cryptocurrency sector and his criticism of Gensler's enforcement-heavy approach and overregulation. His potential appointment is viewed as fulfilling Trump's promises to foster a more crypto-friendly regulatory environment.