- Trump’s transition team has interviewed Paul Atkins, a former SEC commissioner, as a candidate to lead the SEC and succeed Gary Gensler.
- Atkins is a proponent of crypto and fintech companies and has conservative financial leanings.
- Other potential candidates interviewed include Hester Peirce, Heath Tarbert, and Sharon Bowen.
President-elect Donald Trump‘s transition team has interviewed Paul Atkins, a veteran financial regulator, as a candidate to lead the US Securities and Exchange Commission (SEC). Atkins is a top contender to replace outgoing SEC Chair Gary Gensler.
Background on Atkins
Atkins is an eminence grise of conservative financial circles. He is a proponent of crypto and fintech companies.
Other Contenders
Heath Tarbert and Elad Roisman have also been in contention for the SEC chair position. Trump is expected to make a decision in the coming days. No final decisions have been made yet.
Atkins’ Qualifications
Atkins previously served as an SEC commissioner from 2002 to 2008. He has experience as a financial regulator. Atkins is aligned with conservative politics. If selected, he would likely take a deregulatory stance at the SEC.
Impact on SEC Policy
The new SEC chair will shape policies on issues like cryptocurrency regulation, executive compensation, and corporate disclosures. The administration’s pick will tilt the SEC’s agenda toward either stricter oversight or deregulation.
Next Steps
Trump’s team continues to interview candidates for the SEC role and other key economic positions. The president-elect is expected to announce his full slate of financial regulator nominees soon. The SEC appointment requires Senate confirmation.
