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According to Bloomberg, Paul AtkinsA veteran financial regulator and well-known figure in conservative financial circles in Washington, he founded Patomac Global Partners, an advisory firm for large financial industry clients, after leaving the Securities and Exchange Commission at the end of the George W. Bush.
In a statement on the website Truth Social, Trump said: “Paul is a proven leader in regulation. He also believes in building strong, innovative capital markets that respond to investor needs and provide the capital to make our economy the best in the world. He also understands that digital and other innovations are essential to making America greater than ever.
Bloomberg reported that Trump’s selection of the former Republican commissioner of the Securities and Exchange Commission means he is tapping one of the most influential financial regulatory insiders in the Republican Party to oversee Wall Street.
According to the agency, if his appointment is confirmed, Atkins is expected to focus on reducing regulations and issuing fewer fines for violations.