Trump’s SEC Leadership Change: Impacting Budget, Market Outlook for Crypto

Following Gary Gensler’s resignation, Donald Trump is expected to appoint Paul Atkins as SEC Chair, potentially signaling a shift in financial oversight policies. The new administration’s budget cuts, impacting 447 jobs at the SEC, raise concerns about the agency’s future operations and effectiveness. However, market participants remain optimistic about crypto regulation under this potential shift towards deregulation.