Note that Gary Gensler will resign voluntarily, which he announced on 21 November 2024. This will happen on 20 January, that is, on the day of Trump’s inauguration.

Of course, crypto users rejoiced at this news. Still, over the past few years, the SEC chairman’s activity was reduced to calling all cryptocurrencies except Bitcoin unregistered securities.

The regulator would then file lawsuits against related companies and launch litigation. While such cases often ended in defeat for the SEC – for example, in July 2023, the court did not recognise XRP as an unregistered security – such cases still prevented companies from developing.

SEC Chairman Gary Gensler

Still, legal defence costs a huge amount of money, and it has had a direct impact on a company’s performance. For example, the developer of the popular cryptocurrency wallet MetaMask called Consensys was forced to cut 20 per cent of its employees just because of SEC pressure.

Now, the Commission will get a new head who is well related to the cryptocurrency industry. Therefore, the coin niche is clearly in for a great period.

Who is the new head of the SEC, Paul Atkins?

It is important to note that Trump’s choice does not guarantee the appointment of Atkins as SEC chairman. Still, the president only proposes the nomination of the new head of the Commission, and his confirmation is handled by the Senate.

However, nominees are usually successfully agreed upon, so Paul Atkins is already very likely to be the next head of the regulator.

Paul Atkins is the next chairman of the Securities Commission


Unchained Crypto officials announced the choice in favour of Atkins as early as Tuesday evening. However, it was reported immediately afterwards that Paul did not want to step into the position.

As a result, Donald Trump last night published a post on Truth Social where he confirmed the choice in favour of Atkins.

As the newly elected president noted, Atkins can be described as a “proven regulatory leader with common sense” because of his previous experience as SEC commissioner.

Here is Trump’s comment on the matter, as quoted by Cointelegraph.

Paul is CEO and founder of Patomak Global Partners, a consulting firm specialising in risk management. Since 2017, he has served as co-chair of the Token Alliance at the Digital Chamber, researching and developing the digital asset industry. He is a former SEC Commissioner from 2002 to 2008. In doing so, Paul has always championed transparency and investor advocacy.

😈 MORE INTERESTING STUFF CAN BE FOUND IN OUR YANDEX.ZEN!

Paul Atkins is the next chairman of the Securities Commission

Most importantly, Donald directly mentioned cryptocurrencies in his quote and mentioned the importance of recognising the field. The quote is cited by Decrypt.

Paul believes in the potential of sustainable and innovative financial markets that meet the needs of investors and provide capital to strengthen the economy, making it the best in the world. He also recognises the importance of digital assets and other innovations to make America even stronger and more successful.

Atkins himself has recognised the challenges of regulating the coin sphere even earlier. For example, in April 2024, he participated in a panel discussion from the Federalist Society, where he called the sense of regulatory uncertainty for crypto “huge.”

He also commented on Gary Gensler’s calls inviting crypto executives to contact the SEC and register, despite the lack of an adequate procedure for such. Atkins called such remarks “disingenuous,” with the very idea of the process being considered “inappropriate for the technology” of blockchain.

The next chairman of the Securities Commission, Paul Atkins, is the

Atkins’ bio page on the Patomak Global Ventures website states that Paul “led the industry’s zeal to develop best practices for issuing digital assets” while serving as co-chair of the Token Alliance.

Well into 2017, the expert called cryptocurrencies “a new and exciting asset class.” According to him, adequate regulation would facilitate the development of the blockchain ecosystem.


It seems that for the first time in history, the SEC will be headed by a person who supports the cryptocurrency industry. Accordingly, we are likely to see an end to the regulator's unwarranted crackdown on coins, the dismissal of many legal cases against blockchain companies, and the approval of more and more new spot ETFs based on digital assets. In such an environment, crypto will prove to be a much more popular tool for investing capital, which will obviously affect coin rates.

Come to our crypto chat. There we will discuss the current situation in the coin industry and follow the bullrun of the market live.

SUBSCRIBE TO OUR CHANNEL IN TELEGRAM TO KEEP UP TO DATE.