Donald Trump has nominated cryptocurrency advocate Paul Atkins to chair the US Securities and Exchange Commission, drawing cheers from across the finance industry as it hopes for a more favourable regulatory climate under the incoming administration.
“Paul is a proven leader for common sense regulations,” Trump said in a post on Truth Social on Wednesday. Atkins “also recognises that digital assets & other innovations are crucial to Making America Greater than Ever Before”.
In another significant move for business, the president-elect also nominated Gail Slater, a top aide to vice-president-elect JD Vance, to head the Department of Justice’s antitrust division.
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