President-elect Donald Trump has nominated Paul Atkins as the chairman of the Securities and Exchange Commission. This move signifies a potential shift towards more favorable policies for the crypto industry.
If confirmed, Atkins will replace Gary Gensler, who has drawn criticism from the crypto community for his regulatory stance. Trump's nomination reflects a desire for a softer approach towards cryptocurrency oversight.
Atkins is a well-known figure in Washington's conservative financial circles and has been an outspoken advocate for crypto, co-chairing an initiative to represent the sector's interests.
Trump noted that Atkins 'is a proven leader for common sense regulations,' emphasizing that he 'recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.'
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