Trump taps crypto enthusiast Paul Atkins to lead the SEC and Gail Slater as the new tech antitrust cop
Source: CNN Business
Updated 2:26 PM EST, Wed December 4, 2024
New York CNN — The crypto and tech communities finally have some clarity on who they’ll potentially answer to over the next four years. On the crypto front, President-elect Donald Trump plans to nominate Paul Atkins to lead the Securities and Exchange Commission.
He is expected to regulate cryptocurrencies like bitcoin with a lighter touch than Gary Gensler, who led the commission under the Biden administration. Atkins served as co-chairman of the crypto advocacy group Digital Chamber’s Token Alliance since 2017.
“Paul is a proven leader for common sense regulations,” Trump posted on Truth Social. “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”
On the tech front, Trump intends to nominate Gail Slater, a former Fox Corporation executive and economic policy adviser in the first Trump administration, to lead the Justice Department’s antitrust division as Assistant Attorney General.
Read more: https://www.cnn.com/2024/12/04/tech/paul-atkins-sec-gail-slater-antitrust/index.html