President-elect Donald Trump has nominated pro-crypto Paul Atkins to replace Gary Gensler as the new chief of the Securities and Exchange Commission (SEC).
In a Dec. 4 announcement, Trump highlighted Atkins’ track record and experience as a former SEC commissioner. Trump wrote via Truth Social:
“Paul is the CEO & Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on & studied the digital assets industry.”
“A former SEC Commissioner from 2002-2008, Paul strongly advocated for transparency & protecting investors,” Trump continued.
Related: Crypto Biz: A crypto policy expert may run the SEC
Source: Donald Trump
The nomination of a pro-crypto SEC commissioner was one of Trump’s promises to crypto voters early on in his campaign and a highlight of his keynote address at the Bitcoin 2024 conference in Nashville, Tennessee.
Despite the threats of removal, Gary Gensler doubled down on his anti-crypto rhetoric in November before finally tendering his resignation.
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This is a developing story, and further information will be added as it becomes available.
