Trump's SEC Nominee Sparks Crypto Enthusiasm, Climate Concerns

President-elect Donald Trump's nominee for the SEC, Paul Atkins, opposes the agency's climate disclosure rule, which mandates companies to report climate-related risks. Atkins, a critic of the rule, argues it burdens businesses and is unnecessary, aligning with Republican opposition. Environmental advocates fear his appointment could undermine ESG investing efforts. Atkins, known for supporting cryptocurrency, would replace current SEC Chair Gary Gensler, who backed the climate rule and targeted the crypto industry.