Trump Chooses Crypto Proponent New SEC Chair Paul Atkins

President-elect Donald Trump allegedly appointed a new SEC head. Trump appointed former SEC commissioner and crypto advocate Paul S. Atkins. The crypto world was buzzing over who would follow Gary Gensler and hoped for Atkins, who has Trump's backing.

Trump Appoints SEC Chair Paul Atkins
Three individuals close to Trump say he has picked Atkins to chair the SEC when Gensler resigns on January 20. Unchained reports that Atkins has not accepted the offer.

According to FOX Journalist Charles Gasparino, President-elect Donald Trump and his aides like Atkins, making him a top candidate. A transition team official said Atkins “has been an adviser to Trump and his team and is highly respected.”

Despite the tremendous support, Atkins has shown hesitation to assume the role. He often touts his private practice's success. However, sources say he's interested in government jobs again.

People close to Atkins say his public service views may have changed. “Atkins has had great success in the private sector and may be considering a return to government service,” Gasparino said.

Atkins is CEO of financial services, regulatory compliance, and crisis management company Patomak Global Partners LLC. He is also an independent director and non-executive chairman of BATS Global Markets, a major U.S. and European equities trading platform.

As an SEC commissioner from 2002 to 2008 under President George W. Bush, Atkins is considered qualified for the post. His financial regulatory knowledge and securities business experience make him an excellent contender to head the agency at a crucial moment.

The bitcoin sector follows the announcement time. Digital asset regulation hinges on the next SEC chair. The sector has long wanted clearer norms, and Atkins' leadership might freshen the agency's regulatory agenda.

Atkins hasn't spoken, but rumors about his appointment persist. Trump's new move sets the agency's direction and financial regulatory goals.

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