Donald Trump Nominated pro-Crypto SEC Chairman: Report

Reportedly the former US president nominated Paul Atkins as the next chairman of the American securities regulatory body SEC.

The United States Securities and Exchange Commission (SEC) is the top financial regulatory body, which is known for its crypto-hater stance. In the last 4 years, this regulatory body created huge hurdles against the Crypto sector. In 2024, the SEC body enforced nearly 550 companies, including crypto companies, which is the highest in SEC history. Notably, the SEC body forcibly tried to regulate the crypto sector using traditional rules & laws that did not apply to digital assets.

On 3 Dec 2024, Unchained Crypto reported that former US president Donald Trump nominated Paul Atkins, a former SEC commissioner known for his support of the Bitcoin & crypto sector, to lead the securities regulatory body.
The report by Unchained Crypto was based on three sources, which confirmed this information. However, some media reports suggested that we should wait for the official announcement because there may be chances that Atkins may not accept Trump’s decision, citing any personal issue.

Earlier this, many media reports speculated three other names as potential choices of Trump for the SEC chairman position. Namely, these people are Hester Peirce (also known as Crypto Mom) and CHRISTOPHER GIANCARLO (known as Crypto Dad).

Donald Trump & his ProCrypto stance

In the last couple of years, Trump showed significant inclination toward the crypto space & that helped him to grab huge support from the crypto industry during the presidential election.
Even the Dogecoin Cryptocurrency fan Elon Musk also was in support of Trump during the election campaign. It is believed that Trump appointed almost all the ProCrypto people to multiple regulatory positions within 100 days of his appointment.

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