Deep Tide TechFlow news, on December 5, U.S. Republican President-elect Donald Trump stated on Wednesday that he would nominate Paul Atkins to serve as the chairman of the U.S. Securities and Exchange Commission (SEC). Following the announcement, cryptocurrency prices surged briefly.

Current SEC Chairman Gensler is a hardliner, and his ambitious agenda has led to conflicts with Wall Street and the cryptocurrency industry. Atkins believes that a robust and innovative capital market can meet the needs of investors and provide funding to keep the U.S. economy ahead. He also recognizes that digital assets and other innovations are crucial for maintaining America's lead.

Atkins is expected to review several rules and court enforcement actions under Gensler's tenure, adopt a more lenient stance towards cryptocurrencies, and seek rule changes aimed at promoting capital formation. (Jin Shi)