Donald Trump appoints Paul Atkin as the new chairman of the SEC

Because the cryptocurrency market experiences a worth correction, a number of social media posts declare that newly elected President Donald Trump plans to nominate pro-crypto lawyer Paul Atkin to switch Gary Gensler on the Securities and Trade Fee (SEC). Nonetheless, there was no official affirmation from Atkin or Trump’s crew on these developments.

SEC new chairman: Paul Atkin or rumor?

Though this rumored information is spreading like wildfire on social media, it has caught the eye of a number of crypto and ETF specialists Bloomberg. Nonetheless, in accordance with an knowledgeable’s submit on X (previously Twitter), Trump has contacted Atkin for the SEC place, however the company continues to be awaiting affirmation.

Regardless of the shortage of official affirmation, the thrill has influenced market sentiment. Altcoins reminiscent of XRP, BNB and

Who’s Paul Atkin?

Nonetheless, Atkin is a former SEC commissioner who served beneath President George W. Bush from 2002 to 2008. He has been vocal in his help of the crypto business and was the primary libertarian to function an SEC commissioner.

Recognized for his revolutionary strategy and crypto experience, Atkin is taken into account able to “bringing the company again to the so-called gold customary,” in accordance with a crypto knowledgeable on X (previously Twitter).