Donald Trump's nominee for the Securities and Exchange Commission (SEC), Paul Atkins, is known for his industry-friendly views and a history of opposing significant penalties for large corporations. During his tenure as a top official, he voted against punishing major companies and criticized the SEC's enforcement process, according to public records and insights from former SEC attorneys. Atkins is currently engaging with Senate Banking Committee Chairman Tim Scott and other lawmakers as part of the nomination process. Scott emphasized that Atkins' experience in financial regulation will be crucial in addressing the challenges posed by the current SEC Chair, Gary Gensler, to the capital markets and the U.S. economy.