The former US president has reportedly nominated Paul Atkins as the next chairman of the US securities regulator SEC.
The United States Securities and Exchange Commission (SEC) is the main financial regulatory body, known for its hateful stance on cryptocurrencies. In the last 4 years, this regulatory body created enormous obstacles against the Crypto sector. In 2024, the SEC body enforced the law against nearly 550 companies, including crypto companies, which is the highest number in the history of the SEC. In particular, the SEC body forcibly attempted to regulate the cryptocurrency sector using traditional rules and laws that did not apply to digital assets.
On December 3, 2024, Unchained Crypto reported that former US President Donald Trump nominated Paul Atkins, a former SEC commissioner known for his support of the Bitcoin and cryptocurrency sector, to lead the securities regulator.
The Unchained Crypto report was based on three sources that confirmed this information. However, some media reports suggested that we should wait for the official announcement because there may be chances that Atkins may not accept Trump’s decision, citing some personal issue.
Previously, many media reports speculated three other names as possible Trump choices for the SEC chairman position. I mean, these people are Hester Peirce (aka Crypto Mom) and CHRISTOPHER GIANCARLO (aka Crypto Dad).
Donald Trump and his ProCrypto stance
In recent years, Trump showed a significant inclination towards the crypto space and that helped him gain huge support from the crypto industry during the presidential election.
Even Dogecoin cryptocurrency fan Elon Musk also supported Trump during the election campaign. Trump is believed to have appointed nearly all of ProCrypto’s people to multiple regulatory positions within 100 days of their appointment.
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