Donald Trump Picks Paul Atkins as SEC Chairman
Announced on December 4 via Truth Social, Trump’s nomination of Paul Atkins for SEC Chairman triggered an immediate market reaction, propelling BTC up by $3,000 in just hours.
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Announced on December 4 via Truth Social, Trump’s nomination of Paul Atkins for SEC Chairman triggered an immediate market reaction, propelling BTC up by $3,000 in just hours.
Curiously, anonymous reports surfaced before the nomination, claiming Atkins was hesitant to step into the role, allegedly pointing to the “mess” left by outgoing SEC Chairman Gary Gensler.
Trump declares Paul Atkins as his pick for SEC Chairman. Source: Truth Social
Atkins served as a Republican SEC commissioner from 2002 to 2008 under President George W. Bush. He later founded Patomak Global Partners, a consulting firm serving high-profile clients in the financial sector.
Paul is a proven leader for common sense regulations… He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,
Trump shared.
With Gary Gensler stepping down as SEC Chairman after Trump’s inauguration, the crypto industry may finally find relief from his stringent oversight.
Gensler was repeatedly criticized for applying ambiguous, outdated rules to a rapidly evolving sector. His leadership also came under fire in Congress, with Tom Emmer leading the charge against his regulatory approach.
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