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According to breaking news, Donald Trump has made a decision regarding his new SEC chair candidate. There were rumors throughout the day that the announcement could be made within 24 hours. The question now is, who will be the new SEC Chair?
New SEC Chair
Reports based on individuals familiar with the matter indicate that President Trump has chosen pro-cryptocurrency Paul Atkins to lead the Securities and Exchange Commission (SEC). Gary Gensler had announced he would officially step down in January, and Trump had promised to appoint someone who is clearly supportive of cryptocurrencies.
Impact on Cryptocurrency Regulations
Atkins served as an SEC commissioner during President George W. Bush’s administration and is a respected figure within the Republican Party. Known for his outspoken support of cryptocurrencies and his clear stance in this area, he could dramatically shift the longstanding pressure on crypto policies.
For years, under Gensler’s leadership, cryptocurrencies faced intense scrutiny. Instead of providing clear regulations, the SEC has accused crypto companies of operating in gray areas, leading to lawsuits under claims of misconduct. Gensler faced frequent criticism and even reprimands from politicians due to these actions.
In some cases, such as with XRP Coin, the SEC has demonstrated disparaging behavior as an institution. The contradictory statements made by the agency’s lawyers have long been cited by Ripple 
$2 executives.
Paul Atkins is also credited with fueling the recent rise of Reserve Rights (RSR) Coin. The price has increased significantly in just the last few minutes.
