Trump Considers Crypto Advocate Paul Atkins for SEC Chair Role
TL;DR Summary
President-elect Donald Trump has nominated Paul Atkins, a pro-crypto figure, to chair the SEC, replacing Gary Gensler. Atkins' appointment could influence the ongoing Ripple (XRP) lawsuit, where the SEC claims Ripple violated securities laws. Despite a ruling that XRP was not a security in retail sales, the SEC continues to appeal. While Atkins is seen as a traditional choice, some believe a more radical change is needed in the SEC's approach to crypto regulation.
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- Donald Trump is reportedly set to pick the crypto enthusiast Paul Atkins to lead the SEC Fast Company
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