Trump Announces Paul as the Next SEC Chair to Influence Cryptocurrency Regulation

Cryptocurrency enthusiasts eagerly awaited the announcement of the new SEC Chair. Recently, Trump revealed several appointments through his official account, including the new SEC Chair. As noted yesterday, Paul will lead the SEC.

Introduction of the New SEC Chair

Paul, who has close ties to cryptocurrencies, will become the new SEC Chair after Gensler resigns on January 20. In today’s announcement, Trump stated:

“I am pleased to announce the nomination of Paul Atkins as the next Chair of the Securities and Exchange Commission.”

Paul has proven himself to be a leader regarding sensible regulations. He believes in the promise of robust and innovative capital markets that respond to investors’ needs and make our economy the best in the world. He also recognizes that digital assets and other innovations are crucial to making America greater than ever.

Paul is the CEO and Founder of Patomak Global Partners, a risk management consulting firm. Since 2017, he has co-chaired the Digital Chamber’s Token Alliance, working on and reviewing the digital asset industry. Serving as a former SEC Commissioner from 2002 to 2008, Paul has strongly advocated for transparency and investor protection. He holds a J.D. from Vanderbilt University Law School and a B.A. from Wofford College.”

The emphasis on digital assets here is extremely significant.