Senate Banking ranking member Tim Scott, R-S.C., didn’t waste any time Wednesday afternoon praising Paul Atkins after President-elect Donald Trump tapped Atkins to chair the Securities and Exchange Commission.
Atkins, a former SEC commissioner, would take over from SEC Chair Gary Gensler, who said last month that he will step down when Trump is inaugurated on Jan. 20.
Gensler, who was appointed by President Joe Biden and assumed office in April 2021, has been excoriated by Republicans and many financial firms and trade groups for being too aggressive in pursuing an expansive regulatory agenda.