Donald Trump

President Trump

<p class="is-style-lead">U.S. President-elect Donald Trump has picked pro-crypto and former federal regulator Paul Atkins to serve as SEC chair.</p>
<p>Paul Atkins, a one-time Commissioner at the U.S. Securities and Exchange Commission, was nominated by President-elect Donald J. Trump to spearhead leadership at the securities agency. In a Dec. 4 Truth Social post, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/113595807734621827" target="_blank" rel="noopener noreferrer nofollow">wrote</a>: “I am delighted to announce the nomination of Paul Atkins to be the next Chairman of the Securities and Exchange Commission.”</p>
<p>The President-elect described Atkins “a proven leader for common sense regulation”, reinforcing a plan to approach SEC regulation differently.</p>
<h2 class="wp-block-heading" id="crypto-supporter-paul-atkins">Crypto supporter Paul Atkins</h2>
<p>Atkins started Patomak Global Partners in 2009 after a seven-year term as an SEC Commissioner under former President George W. Bush from 2002 to 2008. The consulting firm has crypto exchanges and decentralized finance operators as clients, according to Patomak’s official website.</p>
<p>Trump reportedly <a href="https://crypto.news/donald-trump-may-tap-paul-atkins-as-sec-chair/" target="_blank" rel="noopener noreferrer nofollow">offered</a> Atkins the SEC chair role on Dec. 3. Shortly after, reports citing unnamed sources said Atkins was reluctant to lead the agency following Gary Gensler’s tenure. The nomination requires Senate confirmation before becoming official.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/donald-trump-may-tap-paul-atkins-as-sec-chair/"> Donald Trump may tap Paul Atkins as SEC chair </a></p>
<h2 class="wp-block-heading" id="washington-and-crypto-react">Washington and Crypto react</h2>
<p>Crypto exchanges and Republican policymakers hailed the news as good for digital assets via X. Coinbase CLO Paul Grewal <a href="https://x.com/iampaulgrewal/status/1864371653397954916" target="_blank" rel="noopener noreferrer nofollow">expressed</a> anticipation for the potential new SEC boss. Majority Whip Tom Emmer cheered the nomination while criticizing the SEC’s approach under outgoing chair Gary Gensler.</p>
<p>Retiring House Financial Services Committee Chair Patrick McHenry <a href="https://x.com/PatrickMcHenry/status/1864373615849881891" target="_blank" rel="noopener noreferrer nofollow">added</a> that Atkin’s chairship will usher in “clarity for the digital asset ecosystem.” Gensler announced his intention to <a href="https://crypto.news/anti-crypto-gary-gensler-to-resign-from-sec-when-trump-takes-office/" target="_blank" rel="noopener noreferrer nofollow">resign</a> from the SEC on Trump’s inauguration on Jan. 20, 2025.</p>
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   <p lang="en" dir="ltr">Paul Atkins has extensive public and private sector experience and understands that “regulation by enforcement” is a losing strategy that has crippled American innovation.<br> <br>I look forward to working with him and <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@realDonaldTrump</a> as we usher in a new era of American innovation.</p>— Tom Emmer (@GOPMajorityWhip) <a href="https://twitter.com/GOPMajorityWhip/status/1864368946201153636?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/vladimir-putin-bitcoin-cant-be-stopped/"> Vladimir Putin: Bitcoin can’t be stopped </a></p>

President Trump confirms Paul Atkins as top pick for SEC chair

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