Gary Gensler, infamous for his anti-crypto views, is set to leave his position in January 2025. Replacing Gensler with an outspoken crypto advocate is a massive
Former US President Donald Trump is reportedly considering appointing ex-SEC Commissioner Paul Atkins as the SEC Chairman. Gary Gensler, who is known for his anti-crypto stance, will be stepping down from his role in January 2025.
If appointed, Atkins will oversee the SEC during a significant period for the crypto market, which has seen substantial growth during Trump's presidency.
Bitcoin recently hit a new all-time high, nearly reaching $100,000, while XRP has also seen strong gains, climbing to the third position among the top cryptocurrencies.
Atkins' pro-crypto views have sparked optimism among XRP enthusiasts, who are hoping for a more favorable regulatory environment under his leadership.
However, Atkins' appointment will face challenges due to his pro-crypto stance, which may encounter resistance from traditional lawmakers and clash with the SEC's mandate to protect retail investors.
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