Trump Names Cryptocurrency Advocate To Head SEC

The New York Times reports:

President-elect Donald J. Trump picked Paul Atkins to serve as chair of the Securities and Exchange Commission, turning to a pro-business conservative and former regulator to run the agency that is in charge of protecting investors from fraud and malfeasance on Wall Street.

Mr. Atkins, a lawyer, has been playing an active role in helping to draft “best practices” for crypto trading platforms as co-chair of the Token Alliance, which is part of the Digital Chamber of Commerce. His nomination will need Senate confirmation.

In tapping Mr. Atkins to serve as the nation’s top securities cop, Mr. Trump chose someone who is likely to take a lighter regulatory approach than the current S.E.C. chair, Gary Gensler. The fast-growing cryptocurrency market, in particular, has bristled against

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