Official announcement from the U.S. Senate or SEC

Trump Nominates Paul Atkins to Lead SEC as Bitcoin Hits $100K and Eric Trump Heads to Bitcoin MENA

Dec 9, 2024, 02:52 PM

President-elect Donald Trump has nominated Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC), a move that could reshape cryptocurrency regulations in the country. Atkins, a former SEC commissioner known for advocating reduced regulations and market efficiency, is expected to bring a reform-focused approach to digital assets. This nomination comes amid a leadership shake-up at the SEC, as current chair Gary Gensler exits. The crypto community has reacted positively to Atkins' nomination, with Ripple executives expressing optimism about potential changes in regulatory approaches. Eric Trump, who is set to headline the Bitcoin MENA conference in Abu Dhabi, emphasized the family's support for cryptocurrency and the goal of making the U.S. the 'crypto capital of the world' through sensible regulation. The Bitcoin price recently reached $100,000, further fueling interest in the digital currency sector.