President-elect Donald Trump intends to nominate Paul Atkins, a cryptocurrency advocate and former SEC commissioner, to lead the Securities and Exchange Commission, promoting innovation in capital markets.
Trump emphasized that Atkins' leadership would foster common-sense regulations that support robust capital markets, recognizing the importance of digital assets and innovations for America's economy.
With Bitcoin currently over $95,000 and interest from crypto industry players heightened due to Trump's victory, many expect legislative changes favorable to cryptocurrencies.
Atkins' potential appointment replaces Gary Gensler, known for his tough stance on crypto, marking a shift towards a more favorable regulatory environment for digital assets.
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