President-elect Trump on Wednesday said he would nominate former #SEC commissioner Paul Atkins to be chairman of the regulator.

Why it matters: Atkins is a favorite of the crypto community, and his appointment signals an even deeper embrace by the coming administration.

What they're saying: "He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World," #donaldtrump said in a Truth Social post.

"He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before."

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