Cryptocurrency supporter Paul Atkins becomes a leading candidate for SEC chairman

ChainCatcher news, according to informed sources, the transition team of President-elect Trump has interviewed veteran financial regulator and behind-the-scenes figure in the conservative financial sector, Paul Atkins, as a candidate for the chairman of the U.S. Securities and Exchange Commission (SEC).

Informed sources say that Atkins is the leading contender to succeed the outgoing Gensler. They stated that Trump is expected to make a choice in the coming days, and no decision has been made yet. Atkins served as an SEC commissioner during the George W. Bush administration, and later founded Patomak Global Partners, a consulting firm for major financial industry clients. He is a strong supporter of digital assets and financial technology companies. He has also testified before Congress on how to restructure the agency's operations and reduce what some industry insiders consider redundant or overly burdensome regulatory requirements.