Attorney John Deaton, who supports XRP, backs Paul Atkins for the next SEC Chairman. Deaton urged the SEC to make changes, stating that under Gary Gensler’s leadership, it has imposed oppression on the cryptocurrency industry and startups. He also claimed that the SEC has taken quite hostile measures, providing almost no guidance to companies operating in the cryptocurrency space. This has created problems and hindered innovation in the industry. As part of his reform suggestions, Deaton supports Paul Atkins, a former SEC commissioner known for his pro-digital asset stance. Deaton expressed confidence that if Atkins is appointed, he will lead the SEC towards a more balanced and transparent regulatory framework. Earlier today, sources revealed that the transition team of President-elect Trump has interviewed veteran financial regulators and conservative financial insider Paul Atkins as a candidate for SEC Chairman. Sources said that Atkins is the top contender to replace the outgoing Gary Gensler. They mentioned that Trump is expected to make a choice in the coming days, and no decision has been made yet.

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