Trump Selects Crypto Advocate Paul Atkins as SEC Chair

Donald Trump has nominated cryptocurrency advocate Paul Atkins as the new chair of the US Securities and Exchange Commission (SEC), signaling a potential shift towards more favorable regulations for digital assets. Atkins, a former SEC commissioner, is expected to adopt a friendlier approach to crypto compared to the current chair, Gary Gensler, who has been criticized for his strict enforcement stance. The nomination has been welcomed by the finance industry and crypto advocates, who hope for a regulatory environment that supports innovation. Atkins' appointment, along with Gail Slater's nomination to lead the Department of Justice's antitrust division, reflects Trump's broader strategy to reshape regulatory policies.