Trump officially nominates Paul Atkins as the new chairman of the SEC. What is his stance on cryptocurrencies? BTC hits $99,000.

U.S. President-elect Donald Trump has already handpicked former SEC commissioner Paul Atkins who supported cryptocurrency as SEC chairman, and BTC hit $99,000 this morning. (Synopsis: Trump announced the SEC's new chairman as soon as possible!) Who is most likely to succeed Gary Gensler? (Background addition: Trump administration rumors will let "CFTC-led cryptocurrency regulation" weaken the SEC, encryption dad become a popular candidate for the encryption czar) Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), announced last month that he will officially resign when the Trump administration takes office on January 20 next year The world is watching to see if Trump will nominate a friendly person to take over as SEC's new chairman, ending years of repressive regulatory conditions. At midnight today, Trump officially issued a statement on Truth Social, nominating former SEC commissioner Paul Atkins, who has a friendly stance on cryptocurrency, to replace current SEC Chairman Gary Gensler. Paul is a recognized common-sense regulatory leader. He believes that the robust, innovative Capital Market will meet the needs of investors and provide capital to make our economy the best in the world. He also recognizes that digital assets and other innovations are critical to making America more important than ever. Who is Paul Atkins? Paul Atkins, who served as a member of the SEC during the time of former US President George W. Bush (2002~2008), is widely respected in conservative legal circles and the Republican establishment, and during his tenure, Mark Uyeda, a Republican commissioner who is now friendly to the SEC encryption, and Hester Pierce, a "mother of encryption", have served as advisers to Atkins. After leaving the SEC, Atkins is the founder and CEO of Patomak Global Partners, a global advisory firm focused on strategy, risk management and regulatory compliance, and also provides compliance consulting services to cryptocurrency companies. Atkins has continued to publicly support the encryption industry in recent years, serving as co-chair of the Token Alliance in the Digital Chamber of Commerce, an industry group, since 2017. Paul Atkins | Source: David Paul Morris/Bloomberg BTC hits $99,000 again Perhaps motivated by the new SEC chairman's friendly stance on cryptocurrency, BTC started a strong rebound after falling as low as $94,596 earlier, breaking through $99,000 again around 7 a.m. this morning, pulling back slightly before the deadline and shaking at $98,000. Related reports US congressman broke the news that "Hester Peirce" looks forward to the acting chairman of the SEC! Encryption: Regulatory-friendly times? Musk DOGE thinks "SEC is waste" and wants to fire? Response to Gensler: I heard that you come in one day a month Trump nominates BTChardcore fan Howard Lutnick as Secretary of Commerce, and the new SEC chairman will be a friendly lawyer for encryption? Heavy! SEC Chairman Gary Gensler announces departure on 1/20 next year, ending the era of high-pressure regulation of cryptocurrency? "Trump officially nominates Paul Atkins as the SEC's new chairman, his cryptocurrency stance? BTC hits $99,000" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".