Donald Trump wanted to appoint pro-cryptocurrency Paul Atkins as the new head of the SEC, but he refused. The news about Trump's plans was reported by Unchained Crypto. And about Atkins' refusal - #Coindesk.
Paul Atkins is known for his 'crypto-friendly' stance. He is a former SEC commissioner under George Bush and has actively supported the crypto industry since 2017 as co-chair of the Token Alliance at the Digital Chamber of Commerce. He also advised companies on digital finance issues through his firm Potomak Global Partners.
A convenient and positive figure for the market. But, apparently, with different plans for life. The vacancy for the chair that Gary Gensler is supposed to vacate on January 20 remains open. It's worth marking the date in the calendar. There could be euphoria in the market around it.
The very fact that Trump is willing to appoint someone like Atkins as the head of the SEC is positive. It looks like a step towards fulfilling his campaign promises. With plans to make the USA a 'global center' for crypto innovations, to create clear and understandable rules for the industry. And not to continue the 'witch hunt' with joyful 'reports' from the regulator about the amounts of fines from market players.