President-elect Donald Trump on Wednesday announced that he had chosen Patomak Global Partners CEO Paul Atkins to lead the Securities and Exchange Commission (SEC).

"Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World," Trump posted. "He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before."

Atkins served as an SEC commissioner from 2002 through 2008.

He will replace outgoing SEC Commissioner Gary Gensler, whom Trump-aligned media officials have accused of working against him.

Gensler was often the subject of bias accusations from Devin Nunes, the Trump Media & Technology Group CEO, who alleged that Gensler's SEC had slow-walked its merger with Digital World that enabled its listing on the stock exchange.