Donald Trump chooses the crypto supporter Paul Atkins as the next US SEC chairman

• Trump chooses Paul Atkins, a pro-crypto-libertarian, for the role of the second chairman.
• from Atkins is expected to provide clearer crypto regulations.
• Confirmation by the Senate is required, although Trump could strive for a appointment during the break.

The elected President Donald Trump has chosen Paul Atkins, a convinced advocate of the crypto industry, once chosen the next chairman of the US stock exchange supervision SEC (Securities and Exchange Commission) Gary Gensler resigns in January 2025.

This step represents an important step in fulfilling Trump's election promise to redesign the regulatory landscape for digital finance and to create clarity in the cryptocurrency rules.

atkins' pro-crypto posture

Atkins, who under President George W. Bush acted as a Sec Commissioner, is known for his libertarian views and has acquired respect in conservative legal groups.

Since his departure from the SEC, Atkins has been a pronounced supporter of the crypto industry, especially in his role as co-chair of the token Alliance at the Digital Chamber of Commerce. In addition, ATKINS as the founder of Potomak Global Partners, a consulting company he founded in 2009, advised digital financial companies on compliance with legal regulations.

The cryptom market expects a trend reversal under Trump's leadership

The choice of Atkins is made, since Trump wants to provide clearer guidelines for the cryptocurrency market, which has long been thwarted by the approach of the Seclers Gary Gensler.

Under Gensler's leadership, the SEC was criticized to take enforcement measures against crypto companies without determining clear regulatory framework. This led to widespread dissatisfaction within the crypto industry, and many demanded a more transparent and collaborative approach.

However,

Gensler has announced his resignation with effect from January 20, the day on which Trump will take office, and thus creates space for a new tour at Sec.

During his election campaign events, Trump promised to make the United States a "world capital" for cryptocurrencies and undertook to replace Gensler in order to contribute to clearer rules for the industry. He also proposed the establishment of an advisory board that is supposed to concentrate on cryptopolitics and proposed a national strategic Bitcoin reserve.

The choice of Atkins signals a strong advance towards crypto -friendly regulations, a step that is probably welcomed by the industry, especially after years of uncertainty.

Although there are reports that Atkins is apparently not willing to take on the role, attention is now moving to the Senate, which will be responsible for confirming or rejection of Atkins' appointment, even though Trump could choose a break if necessary.