Trump selects former crypto-supporting commissioner Paul Atkins as SEC chairman
Former SEC Commissioner Paul Atkins is becoming the leading candidate for the position of Chairman of the U.S. Securities and Exchange Commission (SEC) under President Donald Trump's administration. If appointed, Atkins is expected to create a more favorable regulatory environment for the cryptocurrency industry, which may include easing complex administrative regulations and promoting the development of financial products related to digital currencies, such as spot ETFs for Bitcoin and Ethereum.
With a history of working at the SEC, Atkins has stood out for his supportive views on innovation and blockchain technology. He may adopt a more crypto-friendly regulatory approach, which has attracted attention from the industry community, who hope that his leadership will bolster the positive development of the market. The Trump administration is also considering the possibility of transferring cryptocurrency oversight from the SEC to the Commodity Futures Trading Commission (CFTC), which would strengthen innovation in the digital asset space.