President-elect Donald Trump has reportedly picked pro-crypto Paul Atkins as the new chair for the Securities and Exchange Commission (SEC), according to three sources familiar with the matter.

This comes as the current chair Gary Gensler indicated he was stepping down from office effective January 20, when Trump will be inaugurated.

One of the sources revealed that President Trump approached Atkins on the matter. However, Atkins is reportedly reluctant to take up the job.

This is a developing story

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