Trump's SEC Nominee Signals Shift Towards Crypto-Friendly Regulation

President-elect Donald Trump has chosen Paul Atkins, a former SEC commissioner known for advocating lighter regulatory oversight, to lead the Securities and Exchange Commission. This appointment signals a shift towards more industry-friendly policies, particularly in the financial and crypto sectors, reversing the stringent regulatory approach of current Chair Gary Gensler. Atkins' selection has been welcomed by Wall Street and crypto groups but has raised concerns among progressives about potential rollbacks of key regulations, including climate disclosure rules.