🚨🚨🚨🚨 BIG BREAKING 🚨🚨🚨🚨
Trump picks former SEC commissioner Paul Atkins to run agency
U.S. Republican President-elect Donald Trump on Wednesday said he would nominate Paul Atkins to run the Securities and Exchange Commission, putting a prominent and experienced conservative Washington insider atop Wall Street's major regulator.
The appointment of Atkins, a lawyer and former top SEC official who has advocated for de-regulation, spells relief for Wall Street and the crypto industry which have chafed under President Joe Biden's hard-charging SEC Chair Gary Gensler.
His nomination stands in contrast to Trump's cabinet picks, many of whom are loyalists with few qualifications for the job.
Atkins "believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors," Trump wrote in a post on his social media platform.
"He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before."