Paul Atkins, a former SEC commissioner and Trump’s top pick for SEC chair 🎩, is reportedly hesitant to accept the role 😬. Sources say Atkins is reluctant due to the immense effort required to address perceived mismanagement under current SEC Chair Gary Gensler 📉. He also prefers to remain at his financial consultancy firm, Patomak Global Partners 💼.
This hesitation complicates the selection process for Trump’s administration as they aim to appoint a leader aligned with their regulatory vision ⚖️. Other candidates in consideration include Teresa Goody Guillén, Heath Tarbert, Brad Bondi, and Norm Champ 🤔. If no chair is confirmed by Inauguration Day, Republican SEC Commissioner Mark Uyeda may temporarily step in ⏳.
Meanwhile, the administration plans to shift cryptocurrency oversight from the SEC to the CFTC, signaling a major shift in crypto regulation 💱➡️📜.
