Former SEC Commissioner Paul Atkins is expected to replace Gary Gensler as chairperson

According to people familiar with the matter, Paul Atkins, a former commissioner of the Securities Exchange Commission (SEC), is currently seen as a popular candidate to succeed Gary Gensler as SEC chairperson. The previous popular candidate, Robinhood General Counsel Dan Gallagher, has largely withdrawn from the competition. Atkins is widely supported by the business and cryptocurrency industries due to his free market-oriented regulatory style and pro-cryptocurrency stance. At the same time, Gensler's decision not to continue as SEC chairperson has also won praise from the business community. The source pointed out that the candidate has not been finalized and may still be subject to change.