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Donald Trump nominated Paul Atkins as the new SEC Chair through a Truth Social post.
Atkins’ appointment is significant as the SEC focuses on regulatory frameworks for digital assets.

President-elect Donald Trump officially confirmed the nomination of Paul Atkins to serve as the next Chairman of the SEC through a post on Truth Social.

Trump praised Atkins as a proven leader in capital markets and regulation, emphasizing his commitment to innovation and digital assets.

“Paul is a proven leader for common sense regulations… He also recognizes that digital assets and other innovations are crucial to making America greater than ever before,”

Trump stated, adding that Atkins brings experience from his time as SEC Commissioner and as CEO of Patomak Global Partners, a risk management consultancy.

This announcement follows an earlier report from Unchained, which cited sources confirming Atkins as Trump’s pick.

However, CoinDesk later reported that Atkins might be hesitant to take the role due to potential conflicts with his current business interests at Patomak Global Partners.

Atkins has yet to comment on his nomination or clarify whether he will accept the position.

Atkins will succeed outgoing SEC Chair Gary Gensler, who previously announced his resignation effective at noon on Jan. 20, when Trump is sworn in as the 47th president of the United States.

Trump’s nomination signals a potential shift in SEC priorities, aligning with his pro-crypto agenda and focus on fostering innovation in the digital asset space.