President-elect Donald Trump is sticking to his promise of a crypto-friendly government and plans to appoint former SEC Commissioner Paul Atkins to lead the agency, according to his post in Truth Social.

Atkins is currently CEO of Pomak Global Partners and a well-known veteran of the financial world and particularly Republican political circles. He was widely expected to become the country’s top financial regulator.

If confirmed, Atkins would succeed Gary Gensler, a widely despised figure in the digital currency community for his numerous efforts to crack down on the $3.5 trillion crypto market. Trump has promised an easier path for Bitcoin and its myriad competitors, and the market has soared since his election victory on November 5th.

Trump’s position on crypto reflects his broader stance on deregulation that prevailed during his first term.

Atkins served as SEC commissioner from 2002 to 2008 under then-President George W. Bush. He also previously held other roles at the corporate finance regulator.

In addition to taking a pro-crypto stance, the future candidate also criticized some of the reforms that emerged from the global financial crisis in 2008. In particular, he criticized the Dodd-Frank legislation as being too burdensome for the banking industry.

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