Pro-Crypto Paul Atkins Nominated as Next SEC Chair

Under Gary Gensler’s tenure, the SEC faced criticism for its aggressive regulatory actions, especially in the crypto industry. High-profile cases, such as the ongoing Ripple vs. SEC lawsuit, created uncertainty and stifled innovation. XRP’s price suffered over the years due to the prolonged legal battle, deterring investors and new entrants.
Atkins, however, is expected to adopt a more balanced approach, addressing regulatory loopholes and fostering a supportive environment for the crypto sector. His appointment comes as Trump aims to rebuild investor confidence by aligning the SEC with pro-crypto leadership.