According to Foresight News and reported by CoinDesk, sources familiar with the matter reveal that Paul Atkins, a top candidate for the chairman of the U.S. Securities and Exchange Commission (SEC) being considered by Trump, has shown hesitation about taking the position. Sources close to Paul Atkins indicate that he finds the role unattractive and believes that reversing the inefficiencies of this bloated agency will require a significant amount of work, given the mismanagement of the outgoing SEC Chairman Gary Gensler. Other candidates under consideration include cryptocurrency lawyer Teresa Goody Guillèn, former Acting Comptroller of the Currency Brian Brooks, and former SEC General Counsel Robert Stebbins.
Paul Atkins is currently the founder and CEO of Patomak Global Partners, a global consulting firm focused on strategy, risk management, and regulatory compliance.
Additionally, Paul Atkins is an advisor to Reserve Rights (RSR), and after the news of Trump's selection of Paul Atkins as SEC Chairman was released, RSR peaked at 0.027 USDT, surging 136%.