With the departure of the most corrupt and incompetent - not to mention most hacked - SEC chair in history, Gary Gensler, is finally out.

And, as we predicted, President-elect Donald Trump has nominated pro-crypto Paul Atkins to replace Gensler as the new chief of the Securities and Exchange Commission (SEC)... and BTC exploded higher on the news...

As CoinTelegraph's Vince Quill reports, in a Dec. 4 announcement, Trump highlighted Atkins' track record and experience as a former SEC commissioner. Trump wrote via Truth Social:

"Paul is the CEO & Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber's Token Alliance since 2017, he has worked on & studied the digital assets industry."

"A former SEC Commissioner from 2002-2008, Paul strongly advocated for transparency & protecting investors," Trump continued.

"He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before."