Attorney John Deaton supports Paul Atkins as new SEC chairman

John Deaton, a lawyer who supports XRP, supports Paul Atkins as the next chairman of the U.S. SEC. Deaton urged the SEC to make changes, saying that it had oppressed the cryptocurrency industry and startups under the leadership of Gary Gensler. He also said that the SEC has taken quite hostile measures and provided little guidance to companies operating in the cryptocurrency field. This has caused problems and hindered innovation in the industry. As part of the reform proposal, Deaton supports Paul Atkins, a former SEC commissioner known for his support for digital assets. Deaton expressed confidence that if Atkins is appointed, he will lead the SEC to a more balanced and transparent regulatory framework. Earlier today, people familiar with the matter revealed that the transition team of U.S. President-elect Trump has interviewed Paul Atkins, a senior financial regulator and a behind-the-scenes figure in the conservative financial community, as a candidate for the chairman of the U.S. Securities and Exchange Commission (SEC). People familiar with the matter said that Atkins is the top contender to replace the outgoing Gary Gensler. They said Trump is expected to make his choice in the coming days and no decision has been made yet.