Trump Considering Pro-Crypto Paul Atkins to Replace Gary Gensler as SEC Chair
President-elect Donald Trump is reportedly considering former Securities and Exchange Commission (SEC) Commissioner Paul Atkins to replace Gary Gensler as SEC Chair.
“Atkins is someone who not only understands crypto, but also has a deep understanding of how the SEC works. He is seen as being able to build a pro-innovation agenda while returning the SEC to the golden age that many in the Republican Party feel was lost under Gary Gensler,” said Journalist Eleanor Terrett.
The announcement of Atkins’ selection comes amid speculation that the Trump administration will shift regulatory oversight of cryptocurrencies from the SEC to the Commodity Futures Trading Commission (CFTC), signaling a potential significant policy shift that could have major implications for the crypto industry.