Donald Trump Expected to Appoint Crypto-Friendly Paul Atkins as SEC Chairman

According to reports based on knowledgeable sources regarding the topic, President-elect Donald Trump has nominated Paul Atkins for the position of chairman of the Securities and Exchange Commission (SEC). While Atkins appears to be the leading candidate for the role at the regulatory authority, Trump has not officially announced his choice for the commission chairmanship.

Karoline Leavitt, a spokesperson for Trump's transition team, stated, "President-elect Trump has made lightning-fast, brilliant decisions regarding individuals who will serve in his second administration. Remaining decisions will continue to be announced by him as they are made."

Atkins, who served as an SEC commissioner during the second Bush administration, is widely seen as an advocate for the cryptocurrency industry. A person familiar with Atkins' thoughts indicated that he finds the role less appealing due to the significant amount of work required to reverse what he believes to be mismanagement by former SEC chairman Gary Gensler regarding the inflated agency.