Key takeaways
- Paul Atkins is the leading candidate for the new position of SEC chairman with a probability of 70%.
- Current SEC Chairman Gary Gensler has focused on increased crypto oversight.
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President-elect Donald Trump’s transition team is weighing in on a number of SEC chair candidates and could reveal their choice “as soon as tomorrow,” according to FOX Business reporter Eleanor Terrett, citing sources familiar with the matter .
Who will be Trump’s SEC chairman, according to Kalshi?
Kalshi traders favor Paul Atkins, former SEC commissioner, as the leading candidate for SEC chairman in Donald Trump’s second term. Support for Atkins grew following his interview with Trump’s transition team.
At the top of the ballot with a 70% chance of being nominated, Paul Atkins is ahead of Brian Brooks, who falls to second place with only a 20% chance according to Kalshi bettors.
Atkins, known for his pro-innovation stance on digital assets and fintech, has criticized the SEC’s current regulatory-by-enforcement approach under Gary Gensler. He advocated for clearer regulation regarding crypto assets and a regulatory framework that fosters innovation.
If named SEC chairman, Atkins is expected to take a more balanced approach to crypto regulation.
Other candidates under consideration include current SEC Commissioner Mark Uyeda, Robinhood Chief Legal Officer Dan Gallagher, and former CFTC Chairman Heath Tarbert.
SEC Chairman Gary Gensler to leave next month
Current SEC Chairman Gary Gensler will end his term on January 20, 2025, having served as the agency’s 33rd chairman since April 17, 2021.
His tenure has been characterized by increased oversight of the crypto industry, with multiple enforcement actions against crypto intermediaries for fraud and registration violations.
The SEC under Gensler also approved Bitcoin and Ethereum spot and futures ETFs.
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