<p>President-elect <a href="https://www.dailywire.com/topic/donald-trump" target="_blank" rel="noopener">Donald Trump</a> announced on Wednesday that he has nominated cryptocurrency advocate Paul Atkins to be the next Chairman of the Securities &amp; Exchange Commission.</p>
<p>The Washington Post <a href="https://www.washingtonpost.com/business/2024/12/04/paul-atkins-donald-trump-sec/" target="_blank" rel="noopener">reported</a> that his nomination signals a &#8220;significant political shift for Washington’s leading cop on Wall Street,&#8221; indicating that the Trump administration will likely usher in a new era of deregulation and a relaxing of some of its enforcement operations.</p>
<p>&#8220;Paul is a proven leader for common sense regulations,&#8221; Trump said in a statement. &#8220;He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, &amp; that provide capital to make our Economy the best in the World. He also recognizes that digital assets &amp; other innovations are crucial to Making America Greater than Ever Before.&#8221;</p>
<p>Atkins was appointed in 2002 to be a Commissioner of the Securities and Exchange Commission by President George W. Bush, a role he served in through late 2008.</p>
<p>He earned his J.D. from Vanderbilt University School of Law and started his career as an attorney in New York City, where he focused on &#8220;corporate transactions for U.S. and foreign clients, including public and private securities offerings and mergers and acquisitions,&#8221; according to the SEC.</p>
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<p>Atkins has worked with law enforcement agencies to &#8220;investigate and rectify situations where investors had been harmed.&#8221;</p>
<p>He is the founder and CEO of the risk management company Patomak Global Partners, a firm that specializes in advising financial firms and cryptocurrency companies.</p>
<p>U.S. senators praised Trump for picking Atkins to lead the SEC.</p>
<p>Sen. Cynthia Lummis (R-WY) said that the nomination was &#8220;a huge win for financial innovation.&#8221;</p>
<p>&#8220;President Trump promised to have the most pro-digital asset admin in U.S. history, and I am looking forward to working with both of them to promote innovation and make our economy strong again,&#8221; she said.</p>
<p>Sen. Katie Britt (R-AL) congratulated Atkins on the nomination in a post on X, saying that it was &#8220;another step closer to strong pro-markets, pro-innovation, and pro-growth leadership at the SEC.&#8221;</p>

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Trump Nominates Crypto Advocate To Be SEC Chairman