The post Paul Atkins Emerges as Potential SEC Chair with Pro-Crypto Agenda Under Trump appeared on BitcoinEthereumNews.com.

Former SEC Chair Paul Atkins is trending as a favorite to lead the SEC under President-elect Trump, sparking optimism in pro-crypto circles. Atkins’ extensive background in crypto advocacy positions him as a viable candidate for reforming the SEC’s approach towards digital assets. “Atkins is not only crypto-savvy but possesses a deep understanding of the agency,” noted Fox Business reporter Eleanor Terrett. The possibility of Paul Atkins becoming the next SEC Chair under Trump appears promising, potentially signaling a pro-crypto shift in regulation. Paul Atkins: The Next SEC Chair? According to a Bloomberg report, Trump is considering Atkins to be a leading candidate for this role. Since 2020, Atkins has been serving on the advisory board of the Chamber of Digital Commerce. He’s a known advocate for blockchain development and investments. If selected, Atkins will replace Gary Gensler in late January once Trump takes office. The current SEC chair announced his impending resignation earlier this month while also defending his pessimistic perspective towards the crypto market. “Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer. Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency to a … standard many… feel was lost under… Gensler,” claimed Fox Business reporter Eleanor Terrett. Donald Trump has sworn to support crypto through a sweeping plan of appointments and reforms in his upcoming administration. Although Trump plans to turn over much of the SEC’s jurisdiction over crypto to the CFTC, the SEC is nevertheless a vital component of crypto regulation. In this role, Atkins could significantly benefit the industry. “Atkins is currently the most likely candidate for the position, but this is not set in stone,” Terrett stated. Other candidates, including those…

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Filed under: News - @ November 28, 2024 12:26 am