As the cryptocurrency market experiences a price correction, several social media posts claim that President-elect Donald Trump is considering nominating cryptocurrency advocate Paul Atkin to replace him. Gary Gensler to the Securities and Exchange Commission (SEC). However, neither Atkin nor Trump’s team has officially confirmed these developments.
New president of the SEC: Paul Atkin or rumor?
Although this rumor is spreading like wildfire on social media, it has caught the attention of several crypto and ETF experts around the world. Bloomberg. However, according to an expert’s post on X (formerly Twitter), Trump contacted Atkin for the SEC position, but the agency is still awaiting confirmation.
Despite the lack of official confirmation, the buzz has influenced market sentiment. Altcoins like XRP, BNB, and .
Who is Paul Atkin?
However, Atkin is a former SEC commissioner who served under President George W. Bush from 2002 to 2008. He has expressed support for the crypto industry and was the first libertarian to serve as SEC commissioner. the SEC.
Known for his innovative approach and expertise in cryptography, Atkin is seen as capable of “returning the agency to the so-called gold standard”, according to a cryptography expert on X (formerly Twitter).