President-elect Donald Trump has reportedly selected Paul Atkins as his choice for the next chair of the Securities and Exchange Commission (SEC), according to multiple sources including Unchained Crypto. Atkins, known for his advocacy of a less intrusive regulatory approach, has been a vocal critic of overregulation. His appointment is seen as fulfilling Trump's promises to support the cryptocurrency industry, as Atkins has been outspokenly supportive of crypto and has co-chaired the Token Alliance at the Digital Chamber of Commerce since 2017. This move signals a potential shift in the SEC's regulatory stance towards cryptocurrencies. Current SEC Chair Gary Gensler is expected to resign upon Atkins' confirmation, and Atkins was the first libertarian to serve as an SEC commissioner under President George W. Bush.
