Paul Atkins, who was nominated by President Donald Trump in what some say was a nod to the crypto industry, was sworn in Tuesday to become the next chairman of the Securities and Exchange Commission.

Paul Atkins, who previously served as a U.S. Securities and Exchange Commission member from 2002 to 2008 and was seen as a business-friendly lawyer, was sworn in on Monday as the SEC chairman, the regulator said in a statement.

Paul Atkins, President Trump’s pick to lead the Securities and Exchange Commission (SEC), will be sworn in Tuesday at a White House ceremony. Atkins, a former Wall Street consultant, will take over the independent regulatory agency at a time when Democrats have pressed the SEC to investigate Trump’s influence on the markets — especially