Breaking: Donald Trump Picks Paul Atkins As Next US SEC Chair

US President-elect Donald Trump has picked pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission. Atkins will replace the current US SEC chair, Gary Gensler, who will resign on January 20, the same day Trump becomes president.

Donald Trump Picks Paul Atkins For US SEC Chair Role

In a post on the Truth Social platform, Donald Trump announced that he was nominating pro-crypto Paul Atkins for the US SEC chair role. The US president-elect mentioned that Atkins is a proven leader for “common sense” regulations.

Trump also alluded to the crypto industry, noting that Atkins also recognizes that digital assets and other innovations are critical to making America greater than ever.

This development comes after weeks of speculation, during which names like Robinhood Chief Legal Officer (CLO) Dan Gallagher had come up as potential candidates to succeed Gensler. However, Dan Gallagher stepped out of the race when he clarified that he didn’t want the job.

Meanwhile, Paul Atkins’ nomination will undoubtedly delight individuals like pro-XRP lawyer John Deaton, who endorsed him for the job.

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