Key Takeaways
- Donald Trump has nominated Paul Atkins to lead the SEC.
- Atkins is known for his pro-Bitcoin stance and libertarian values.
- If confirmed, Atkins is expected to take a pro-innovation approach.
President-elect Donald Trump has chosen Paul Atkins, a former SEC commissioner and advocate for Bitcoin, to lead the U.S. Securities and Exchange Commission (SEC).
According to sources, Atkins is currently deciding whether to accept the nomination, which would then require Senate confirmation.
Background
Atkins, who served as SEC commissioner during the George W. Bush administration, is recognized for his libertarian principles and pro-Bitcoin stance.
Since leaving the SEC, he has advised digital finance companies through Potomak Global Partners, a consultancy he founded in 2009.
Additionally, he co-chairs the Token Alliance at the Digital Chamber of Commerce, contributing to industry regulatory discussions.
What to expect
J.W. Verret, a George Mason University professor and former SEC Advisory Committee member, said:
Senate Republicans really respect the tradition of Commissioner Paul Atkins.
Atkins’ nomination follows Gary Gensler’s announcement that he will step down as SEC chair on January 20.
Gensler vs Atkins
Under Gensler, the SEC aggressively enforced securities laws on Bitcoin entities.
In contrast, Atkins is expected to adopt a more innovation-friendly approach if confirmed.
Trump’s transition team consulted Bitcoin industry leaders before the nomination, emphasizing his commitment to pro-Bitcoin policies.
Trump has also proposed a “Crypto Advisory Council” and plans to establish a “Strategic Bitcoin Reserve” using seized Bitcoin assets.
Atkins’ nomination aligns with Trump’s recent appointments of Scott Bessent as Treasury Secretary and Howard Lutnick as Commerce Secretary, both vocal Bitcoin advocates.
