By Lawrence Delevingne and Douglas Gillison WASHINGTON Reuters) -U.S. Republican President-elect Donald Trump on Wednesday said he would nominate Paul Atkins to run the Securities and Exchange Commission,

Atkins' nomination is being celebrated by prominent figures in the crypto industry. Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, said that Atkins is a “great choice” as next Chair of the SEC.

President-elect Donald Trump on Wednesday announced he will nominate Paul Atkins, a former Republican regulator who now advises financial firms and cryptocurrency companies, to lead the Securities and Exchange Commission.