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Trump nominates cryptocurrency advocate Paul Atkins as SEC chair

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( ) -q-17- UNDATED (Correspondent Jeremy House) “markets and investments.”

President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.

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TAG: Correspondent Jeremy House reporting. If confirmed next year by the new Republican-led Senate, Atkins would replace Gary Gensler, who’s been leading the U.S. government’s crackdown on the crypto industry. Atkins was widely considered the most conservative SEC member during his tenure and known to have a strong free-market bent.

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VERBATIM: Atkins is a former SEC commissioner. Mr. Trump calls Atkins a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation. The SEC oversees U.S. securities markets and investments.

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