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US President-elect Donald Trump has named 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
Trump has picked pro-crypto Paul Atkins for the US SEC chair role. Considering Atkins’s crypto stance, this marks a significant win for the crypto industry, indicating that he will be welcoming to it and will likely create a friendly regulatory environment.
This development comes after weeks of speculation, in which individuals like Robinhood Chief Legal Officer (CLO) Dan Gallagher were mentioned as potential candidates to succeed Gensler. However, Dan Gallagher stepped out of the race when he made it clear that he didn’t want the job.
Meanwhile, Paul Atkins’ nomination will undoubtedly delight individuals like pro-XRP lawyer John Deaton who had endorsed him for the job.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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