Donald Trump appointed Paul Atkin as SEC chairman
As the cryptocurrency market faces a price correction, several social media posts claim that President-elect Donald Trump plans to appoint pro-crypto advocate Paul Atkin to replace Gary Gensler at the Securities and Exchange Commission (SEC). However, there has been no official confirmation from Atkin or the Trump team regarding these developments.
SEC New Chairman: Paul Atkin or Rumor?
Although this rumored news is spreading like wildfire on social media, it has caught the attention of many crypto and ETF experts from Bloomberg. However, according to an expert on X (formerly Twitter), Trump has reached out to Atkin for the SEC position, but the agency is still waiting for confirmation.
Although there is no official confirmation, the buzz has influenced the market sentiment. Altcoins such as XRP, BNB, and XLM saw modest gains of 3.4%, 3.2%, and 4.15%, respectively, with traders anticipating a more crypto-friendly SEC under Atkin's potential leadership.
Who is Paul Atkin?
However, Atkin is a former SEC commissioner who served under President George W. Bush from 2002 to 2008. He has been vocal in support of the crypto industry and was the first liberal to serve as SEC commissioner.
Known for his creative approach and crypto expertise, Atkin, a crypto expert at X (formerly Twitter), “is seen as having the ability to return the agency to the so-called gold standard.
