The journalist named her favorite for the position of Chairman of the SEC

Deputy Commissioner SEC Paul Atkins has become the leading candidate for the post of head of the department under the administration of Donald Trump. Eleanor Terrett of FOX Business reported the news, citing two sources.

🚨NEW: Former SEC commissioner Paul Atkins is still said to be the favorite among key members of the transition team to lead the team. @SECGovaccording to two sources close to discussions at Mar-a-Lago. @FoxBusiness, @CGasparino reported earlier this week that Atkins was in the lead for the…

— Eleanor Terrett (@EleanorTerrett) November 27, 2024

In discussions among key members of the President’s transition team, Atkins emerged as the favorite for several reasons, they said. He is believed to be able to set a “pro-innovation agenda” at the agency and return it to the “gold standard” that many Republicans say was lost under chief Gary Gensler. leaving

“Atkins is someone who not only understands cryptocurrencies, but also has a deep understanding of the inner workings of the SEC, having served under two previous chairs, Richard Breeden and Arthur Levitt,” Terrett wrote.

On the preview platform Kalshi Bet on Atkins winning rose to 60%. After the journalist’s report, his chances increased by 29% within 24 hours.

Data: Kalshi.

For the first time, the majority of users believed in his post on November 22, when the proportion of bets on him jumped to 43.5%.

John Reed Stark Consulting President John Reed Stark, discussing possible candidates for SEC Chairman, name Atkins is one of the most accomplished department commissioners in history.

The current Commission Chairman Gensler has already announced that he will step down on January 20, 2025. The date coincides with Trump’s inauguration day, which was during the election campaign promised dismiss the officer.

Traditionally, heads of federal departments leave their positions when the president changes, allowing the administration to make new appointments. There is nothing legally forcing them to do this; for example, Gensler was supposed to remain in office until 2026.

Trump’s team continues specified policy nominates crypto-friendly candidates for key leadership positions. For previously introduced Bitcoin supporters like Robert Francis Kennedy Jr. (Ministry of Health), Hegseth asks (Ministry of Defence) and Howard Lutnick (Ministry of Finance) added Scott Bessent (Finance) and Kelly Loeffler (Department of Agriculture).

Terrett noted that after selecting candidates for key ministerial positions, the transition team began identifying potential federal agency heads. However, it is not clear when decisions will be officially announced, the journalist said.

Let us remind you that Trump’s entourage is expecting move some control above the crypto market CFTC. For this procedure in 2022 speak out Gensler.

The President-elect’s team as well considering hiring a “crypto czar” – a full-time position in the administration with a focus on digital assets.

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