Trump Names Pro-Crypto Paul Atkins as New SEC Chair
President-elect Donald Trump has appointed pro-cryptocurrency advocate Paul Atkins to lead the Securities and Exchange Commission (SEC).
Atkins served as an SEC commissioner under President George W. Bush from 2002 to 2008.
Paul Atkins to replace Gary Gensler in January
According to Trump statement On The Truth Society, Atkins Will Replace Gary Gensler January 20th. Gensler announces resignation Last month, Trump was expected to fire him, as he promised during the campaign.
Atkins’ selection marks a major shift in the SEC’s approach to financial regulation. Known for his conservative stance, he may push Reduce regulatory burden and give lighter penalties to illegal acts.
“Paul is a proven leader on common-sense regulations. He believes in the promise of robust, innovative capital markets that meet the needs of investors. He also recognizes that digital assets and other innovations are critical to making America more important than ever. Matters,” Trump wrote on Truth Social.
His term may be marked by Stricter enforcement policies his predecessor.
The cryptocurrency market reacted strongly to the announcement. this Reserve Rights (RSR) Token The reaction was even more dramatic, with the value soaring by nearly 30%.
This is because Atkins previously served as consultant Joining the RSR project has increased market optimism about his leadership in the SEC.
“Trump promised not only to implement libertarianism in his administration but also to ensure that cryptocurrencies are protected. He is now delivering on that promise.” Political reporter Eric Daugherty wrote on X.
Meanwhile, XRP surged 3% after the news broke. Atkins has been an outspoken critic of SEC launches legal action against Ripple and its XRP token. He previously highlighted alleged inconsistencies in the case and suggested Gensler might have withdrawn the lawsuit under different circumstances.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
