CoinVoice has learned that, according to three informed sources, Trump has chosen Paul Atkins to serve as the Chairman of the U.S. Securities and Exchange Commission (SEC). One of the latest informed sources revealed that Trump has contacted Atkins and is waiting for his acceptance. Atkins' spokesperson did not immediately respond to a request for comment.
Current SEC Chairman Gary Gensler will leave office on January 20. Additionally, Atkins will need to receive Senate confirmation unless Trump opts for a recess appointment during the Senate's recess. Paul Atkins previously served as an SEC commissioner during the George W. Bush administration and is known for opposing 'imposing hefty fines on companies that violate securities laws.' He has consistently supported the crypto industry and currently serves in his consulting firm, Patomak Global Partners, which he founded in 2009. Meanwhile, he has also held the position of co-chair at the industry association Token Alliance, which advocates for digital assets and the blockchain industry, since 2017. [Original link]