Key dealers
- Paul Atkins confirmed as a SEC chairman and replaced Gary Gensler.
- Atkins aims to introduce a rational crypto frame on Sec.
The US Senate on Wednesday confirmed Paul Atkins as head of the US Securities and Exchange Commission (SEC) in a 52-44 vote. He is expected to be responded in and assume his new role in the coming days.
Atkins, selected To lead the country’s highest securities market regulator by President Donald Trump will work closely with other SEC Commissioners, including Republicans Hester Peirce and Mark Uyeda and Democratic Commissioner Caroline Crenshaw.
Atkins is an advocate for market -driven innovation and is generally expected to adopt a supportive position against the digital asset sector. The market players predict a fast-detected approval process for crypto-based investment products, such as ETFs linked to large assets such as XRP, Solana and even MEME-COIN-Tände-Mainstay, Dogecoin.
Following the departure of Gary Gensler on January 20 and the appointment of Uyeda as acting chairman, SEC has begun to scale back its crypto enforcement efforts.
Uyeda established a working group led by Hester Peirce to re -evaluate the agency’s strategy for regulating digital assets and deviating greatly from its previous strategy.
Controversial rules such as personnel accounting balls 121 has also been canceledWith clearer guidelines for token classification, custody requirements and market structure probably on the horizon – the development of the crypto industry has long lobbied for. Atkins are likely to speed up this transition.
During its confirmation on March 27, Atkins promised to establish a clear and principle regulatory framework for digital assets to promote innovation and protect investors.
He also expressed a desire to keep politics from legislative decisions and promote clear rules that encourage investment in the US economy.
“It’s time to return common sense to Sec,” he told the Senate panel and promised to work with Congress for a “rational” crypto frame. He criticized “unclear, overly politicized” rules that he said prevents capital formation.
Today’s confirmation follows a narrow 13-11 The Senate Bank Committee approval April 3rd.
The appointment met with resistance from the Democrats, led by Senator Elizabeth Warren, who questioned Atkin’s financial industry connections and his regulatory position during the 2008 financial crisis.
Atkins served as a commissioner from 2002 to 2008 under President George W. Bush before founding Patomak Global Partners, a consulting company that prevailed financial and cryptocurents, including FTX’s Sam Bankefed before its collapse. He was also chairman of the Token Alliance and established his crypto references.
The confirmation is in line with the Trump administration’s broader restructuring of financial monitoring, as Atkins joins the Secretary of Finance Scott Bessent and Trade Secretary Howard Lutnick to support Trump’s goal to make the US’s “crypto capital in the planet.”
“I am glad that Paul Atkins is confirmed as chairman of SEK. I sat down with Atkins to discuss digital asset legislation and strengthen Wyomings Blockchain future and implement reforms to the regulatory process. statement.
