US President-elect Donald Trump plans to nominate former Securities and Exchange Commission (SEC) Commissioner Paul Atkins as the new head of the agency, according to a recent statement. As CEO of Patomak Global Partners, Atkins is a well-known figure in the financial world and Republican circles.
Atkins had been widely expected to secure the top spot, given his experience as SEC commissioner from 2002-08 under President George W. Bush. He also served in other roles within the agency’s corporate finance division.
The nomination marks a significant shift in Trump’s stance on cryptocurrency, which has seen a surge since his election victory in November. Atkins’ pro-crypto stance is consistent with Trump’s larger agenda of deregulation, as seen during his first term in office.
Atkins expressed support for common sense regulations and innovative capital markets that cater to investors’ needs. He also recognizes the importance of digital assets in driving economic growth, aligning with Trump’s vision for making America greater than ever before.
Source: https://www.cnbc.com/2024/12/04/trump-plans-to-nominate-paul-atkins-as-sec-chair.html