🇺🇸 Donald Trump has reportedly chosen Paul Atkins as the next SEC chairman, according to sources cited by UnChained. Atkins, a former SEC commissioner under George W. Bush, is recognized for his pro-digital asset stance and fintech advocacy. He founded a consultancy for financial giants and testified in Congress on SEC reforms to ease regulatory burdens.
👀 Atkins is expected to replace Gary Gensler, who will step down on January 20, aligning with Trump’s inauguration. Under Gensler, the SEC aggressively fined U.S. crypto firms, including Coinbase and Kraken.
Market players anticipate a crypto-friendlier SEC under Trump, who vowed to fire Gensler during his Bitcoin 2024 keynote. Could this signal a new chapter for U.S. crypto regulation? 🤔