Insider: Former SEC Commissioner Paul Atkins is expected to succeed Gary Gensler as Chairman

According to informed sources, former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins is currently seen as a leading candidate to succeed Gary Gensler as chairman of the SEC. The previous front-runner, Robinhood's Chief Legal Officer Dan Gallagher, has essentially dropped out of the race. Atkins' free-market regulatory style and support for cryptocurrencies have earned him widespread support from both the business and cryptocurrency industries. Meanwhile, Gensler's decision not to seek reappointment as SEC Chairman has also won praise from the business community. The report noted that this selection has not yet been finalized and may still change.