Lawyer Advocates For Paul Atkins As Next SEC Chair Amid Calls For Reform

According to Odaily, lawyer John Deaton, known for his support of XRP, has expressed his backing for Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). Deaton has urged the SEC to implement changes, criticizing the agency's current approach under Gary Gensler's leadership. He argues that the SEC has imposed oppressive measures on the cryptocurrency industry and startups, offering little guidance to companies operating in this sector. This lack of direction, Deaton claims, has stifled innovation within the industry. As part of his reform suggestions, Deaton endorses Paul Atkins, a former SEC commissioner recognized for his supportive stance on digital assets. Deaton is confident that if Atkins is appointed, he will guide the SEC towards a more balanced and transparent regulatory framework. Earlier today, sources revealed that U.S. President-elect Trump's transition team has interviewed Paul Atkins, a seasoned financial regulator and influential figure in conservative financial circles, as a candidate for the SEC chairmanship. Insiders indicate that Atkins is the leading contender to succeed the outgoing Gary Gensler. They also mentioned that Trump is expected to make a decision in the coming days, although no final decision has been made yet.