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What's going on, guys? It is Wednesday, December 4th, and today we are talking about the potential next SEC chair.

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Hello, friends. Well, big news, the Trump transition team appears to have selected the next

SEC chair. According to a scoop from Veronica Irwin of Unchained, former SEC Commissioner

Paul Atkins has been offered the job. One of her three sources, quote, specified that Trump

has reached out to Atkins but is waiting

on him to accept.

Interestingly, CoinDesk sources suggest Atkins is reluctant to take the role.

Referencing a person familiar with Atkins thinking, they reported that Atkins feels the role

is unattractive due to the amount of work required to, quote, turn around the bloated agency

he believes was mismanaged by outgoing

SEC Chair Gary Gensler. This reluctance to want to clean up after Gensler echo sentiment

from former CFTC Chair Christian Carlo, who already performed that duty after Gensler left the CFTC.

Reportedly Atkins also isn't super keen to walk away from his current business interests.

He's the CEO of Potomac Global Partners, a regulatory and risk advisory firm. Sources said he would only consider

resigning once the firm is well positioned to operate without him. There are a few other candidates

reportedly on the short list, but Atkins, as the first pick, says a lot about how the incoming

Trump administration is thinking about the role.

Atkins served as an SEC commissioner during the George W. Bush years, but was a break from the usual mold. George Mason University professor and former SEC advisor, J.W. Verrett said,

...