Trump ultimately nominated Paul Atkins as the new SEC chairman.
The previously highly vocal SEC crypto mom Hester Peirce also tweeted early on to show her support:
Atkins was at the SEC long ago, and was nominated by George W. Bush as a commissioner in 2002, serving until 2008.
When he was at the SEC, Bitcoin had not yet emerged.
After leaving the SEC, Atkins founded a consulting firm called Patomak Global Partners, primarily providing compliance consulting services to clients.
Interestingly, this consulting firm took on a well-known client, FTX, in January 2022.
Patomak provided consulting services to FTX until the FTX crisis, with a cumulative service duration of 10 months.
After this battle, I believe Atkins must have a deep understanding of the dangers in the crypto circle~
But even after the FTX crisis and the solid evidence of SBF's fraud, Atkins still believes that the reason for the magnitude of the issue is that the U.S. regulation is not suitable for this new technology of crypto.
Since 2017, Atkins has also been the co-chairman of the Token Alliance, which is a lobbying organization strongly promoting the large-scale adoption of crypto assets~
It can be said that Atkins is definitely a big player who understands crypto and is deeply involved in the industry's development.
In addition to the chairman, the SEC will also have four commissioners, making a total of five people in the SEC's top leadership.
Currently, there are two Republican commissioners supporting crypto and three Democratic commissioners restricting it.
Among them, current SEC Chairman Gary Gensler and his associate Jaime Lizarraga have both confirmed they will resign after Trump takes office.
Initially, the spot Bitcoin ETF was firmly opposed by the hardliner Lizarraga.
Due to Lizarraga's resignation, after the pro-crypto Atkins succeeded as SEC Chair, the president can nominate another commissioner.
In line with Trump's style, he might nominate another pro-crypto big player as an SEC commissioner.
At that time, the pro-crypto commissioners will have four seats, the future is promising~