Trump Picks Paul Atkins as SEC Chairman, Cryptocurrency Surges Temporarily

BlockBeats News, December 5th, the United States Republican President-elect Donald Trump announced on Wednesday that he would nominate Paul Atkins as the Chairman of the U.S. Securities and Exchange Commission (SEC). After the news was announced, the cryptocurrency market saw a short-term uptick.

The current SEC Chairman, Gary Gensler, is known for his tough stance, and his ambitious agenda has led to conflicts with Wall Street and the crypto industry.

Atkins, on the other hand, believes that a robust, innovative capital market can meet the needs of investors and provide funding to drive continued U.S. economic leadership. He also recognizes the importance of digital assets and other innovations in keeping the U.S. at the forefront.

It is expected that Atkins will review multiple rules implemented under Gensler's tenure and enforcement actions, take a more moderate approach to cryptocurrency, and seek rule changes aimed at promoting capital formation. (via Jinse)