Catenaa, Thursday, December 05, 2024-US President-elect Donald Trump has officially nominated Paul Atkins to serve as the next Chairman of the Securities and Exchange Commission (SEC), confirming the move through a Truth Social post on Tuesday.
The announcement underscores a potential shift in SEC priorities, with a renewed focus on digital assets and fostering innovation in financial markets.
However, Atkins is yet to make a public comment on this.
Trump lauded Atkins, a former SEC Commissioner and CEO of Patomak Global Partners, as a “proven leader for common sense regulations” and a supporter of innovation.
“Digital assets and other advancements are key to making America greater than ever before,” Trump stated. 1
Atkins, known for his expertise in capital markets and regulatory frameworks, is expected to replace outgoing SEC Chair Gary Gensler, who will step down at noon on Jan. 20, coinciding with Trump’s inauguration.
The nomination marks a significant moment for the cryptocurrency industry, aligning with Trump’s campaign promises to create a regulatory environment conducive to blockchain innovation and digital asset growth.
Reports from Unchained had previously identified Atkins as Trump’s leading candidate.
However, some reports noted that Atkins might face challenges accepting the role or was hesitant to accept due to ongoing commitments at Patomak, a consultancy firm specializing in risk management and regulatory compliance.
Atkins has not yet commented on his nomination or his intentions regarding the position.
His leadership could herald a major policy shift as the SEC grapples with the evolving digital asset landscape.
- https://truthsocial.com/@realDonaldTrump/posts/113595807734621827[↩]
