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On Wednesday, Trump said he plans to nominate Paul Atkins to lead the Securities and Exchange Commission and Gail Slater to head the Justice Department’s antitrust division, two key appointments that will heavily influence his administration’s relationship with the tech sector.

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“This is very much a kind of industrial policy, with some areas getting deeper scrutiny and others a lighter touch based on a particular vision of how to steer the market,” said Gene Kimmelman, a former DOJ antitrust official.

In announcing his picks this week, Trump signaled a pivot away from the strong cryptocurrency regulation favored by President Joe Biden’s SEC Chair, Gary Gensler. And he indicated that large tech platforms will continue to face tough US scrutiny by antitrust regulators with Slater at the helm.

“Big Tech has run wild for years,” Trumpwrote on Truth Social, “stifling competition in our most innovative sector and, as we all know, using its market power to crack down on the rights of so many Americans, as well as those of Little Tech! I was proud to fight these abuses in my First Term, and our Department of Justice’s antitrust team will continue that work under Gail’s leadership.”

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In July, Andreessen and Horowitz — founders of the famed tech investment firm Andreessen Horowitz, or a16z — outlined a “Little Tech Agenda” that attacked regulatory scrutiny of crypto-related businesses, argued tech monopolists were stifling the startup ecosystem and called for “a whole-of-government program” to promote US technological supremacy.

“Little Tech is our term for tech startups, as contrasted to Big Tech incumbents,” they wrote. “We believe bad government policies are now the #1 threat to Little Tech.”

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“We believe that there is no material problem – whether created by nature or by technology – that cannot be solved with more technology,” Andreessen wrote.

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“I anticipate significant continuity with the program launched by (Trump’s first administration) and carried forward by the Biden administration — especially for the large tech enterprises,” said William Kovacic, a former chair of the Federal Trade Commission. Kovacic described Slater as “a superb candidate” who is “a highly respected expert in competition law and policy.”

Kimmelman agreed, saying Slater has “excellent credentials and a background in antitrust enforcement” who will “bring a very serious enforcement mindset.”

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“The wild card for antitrust will be how much the White House directly intervenes in enforcement matters,” Kimmelman said. “We can expect corporate CEOs to curry favor as best they can with the White House in the hopes they get better regulatory and enforcement treatment. Time will tell how that plays out.”

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“Congratulations to Paul Atkins on his nomination as SEC Chair. We are very optimistic about the opportunities under Mr. Atkin’s leadership to accelerate progress and allow crypto to thrive in the U.S.,” Dixonwrote on X, punctuating his message with an American flag emoji.

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