
President-elect Donald Trump said Wednesday he plans to nominate Paul Atkins, former commissioner of the Securities and Exchange Commission, to lead the agency. The move paves the way for a crypto-friendly administration that could loosen regulations.
Atkins, CEO of financial services consulting firm Patomak Global Partners, would succeed Gary Gensler, a Biden nominee who cracked down on crypto after taking the helm in 2021. Gensler said in November he plans to resign on Jan. 20, the day Trump will be inaugurated. Trump had pledged on the campaign trail to remove him.