Atkins' nomination is being celebrated by prominent figures in the crypto industry. Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, said that Atkins is a “great choice” as next Chair of the SEC.

By Lawrence Delevingne and Douglas Gillison WASHINGTON Reuters) -U.S. Republican President-elect Donald Trump on Wednesday said he would nominate Paul Atkins to run the Securities and Exchange Commission,

Atkins is expected to review many of Gensler’s rules, as well as enforcement actions wending their way through the courts, and adopt a softer touch on crypto.