Trump Set to Announce Paul Atkins as New SEC Chair, Signaling Crypto Shift

Donald Trump, re-elected as US President, is expected to announce his pick for the new SEC chairman following Gary Gensler's departure. This move is anticipated to usher in a new era for the crypto industry, with expectations of a more industry-friendly regulatory environment. Speculation surrounds potential candidates like Paul Atkins, who is favored by some in Trump's circle. The crypto sector hopes for an end to the perceived crackdown on digital assets, with calls for investigations into alleged financial exclusion practices under the previous administration.