President-elect Donald Trump has nominated Paul Atkins, a pro-crypto figure, to succeed Gary Gensler as the head of the Securities and Exchange Commission (SEC). In a Dec. 4 announcement, Trump praised Atkins' experience and leadership, highlighting his role as CEO of Patomak Global Partners and his tenure as an SEC Commissioner from 2002 to 2008. Trump emphasized Atkins' commitment to transparency and investor protection, which aligns with his advocacy for common-sense regulations in the crypto space. The nomination fulfills one of Trump's promises to crypto voters, previously mentioned in his keynote address at the Bitcoin 2024 conference. Gensler resigned in November amid significant pressure, paving the way for Atkins' appointment. The situation remains fluid, and further developments are anticipated shortly.

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