The U.S. Senate has formally confirmed Paul Atkins as the brand new Securities and Alternate Fee (SEC) chair.
That is after his nomination was cleared in a 52-44 Senate vote on Wednesday, April 9.
Particulars From The Affirmation
The affirmation of the previous Wall Road advisor comes after U.S President Donald Trump named him to guide the company in December of final 12 months.
“We welcome Paul Atkins as the following Chairman of the SEC. A veteran of our Fee, we sit up for him becoming a member of with us, together with our devoted workers, to satisfy our mission on behalf of the investing public,” mentioned the monetary watchdog’s commissioners in a assertion.
Senate Banking Committee Chairman Tim Scott expressed confidence that Atkins would proceed the SEC’s crypto-friendly method underneath the Trump administration. He added that his expertise would assist roll again Biden-era insurance policies, increase capital formation, assist retail buyers, and produce regulatory readability to digital belongings to maintain U.S. markets aggressive.
Senator Cynthia Lummis voiced comparable assist, expressing confidence that his management would enhance rulemaking for the crypto business.
Atkins is about to exchange Mark Uyeda, who has been serving because the performing SEC chair since January 20 following the resignation of Gary Gensler.
Since Gensler stepped down in January 2025, underneath Uyeda, the SEC has eased its method to crypto enforcement. The company has closed a number of investigations involving crypto corporations, fashioned a Crypto Process Pressure, and reversed a number of earlier guidelines that had imposed restrictions on digital belongings.
A Crypto-Pleasant Strategy
Atkins is anticipated to undertake a extra favorable stance on crypto regulation consistent with the Trump administration’s efforts to decrease regulatory hurdles and strengthen the home digital asset business.
In an affidavit earlier than the Senate Banking Committee final month, the 66-year-old named the creation of a digital asset regulatory framework as a “high precedence.” He criticized the prevailing lack of clear tips, arguing it causes confusion and suppresses innovation.
The official additionally dedicated to working with Congress and SEC commissioners to construct guidelines that stability investor safety with innovation.
The brand new chair additionally brings intensive expertise within the crypto area. He based Patomak World Companions in 2009, a consultancy whose shoppers embody conventional banks, crypto exchanges, and DeFi platforms.
From 2017 to 2024, he co-led the Token Alliance, which advocated for crypto-friendly insurance policies. He additionally served as an SEC Commissioner from 2002 to 2008.
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The U.S. Senate has formally confirmed Paul Atkins as the brand new Securities and Alternate Fee (SEC) chair.
That is after his nomination was cleared in a 52-44 Senate vote on Wednesday, April 9.
Particulars From The Affirmation
The affirmation of the previous Wall Road advisor comes after U.S President Donald Trump named him to guide the company in December of final 12 months.
“We welcome Paul Atkins as the following Chairman of the SEC. A veteran of our Fee, we sit up for him becoming a member of with us, together with our devoted workers, to satisfy our mission on behalf of the investing public,” mentioned the monetary watchdog’s commissioners in a assertion.
Senate Banking Committee Chairman Tim Scott expressed confidence that Atkins would proceed the SEC’s crypto-friendly method underneath the Trump administration. He added that his expertise would assist roll again Biden-era insurance policies, increase capital formation, assist retail buyers, and produce regulatory readability to digital belongings to maintain U.S. markets aggressive.
Senator Cynthia Lummis voiced comparable assist, expressing confidence that his management would enhance rulemaking for the crypto business.
Atkins is about to exchange Mark Uyeda, who has been serving because the performing SEC chair since January 20 following the resignation of Gary Gensler.
Since Gensler stepped down in January 2025, underneath Uyeda, the SEC has eased its method to crypto enforcement. The company has closed a number of investigations involving crypto corporations, fashioned a Crypto Process Pressure, and reversed a number of earlier guidelines that had imposed restrictions on digital belongings.
A Crypto-Pleasant Strategy
Atkins is anticipated to undertake a extra favorable stance on crypto regulation consistent with the Trump administration’s efforts to decrease regulatory hurdles and strengthen the home digital asset business.
In an affidavit earlier than the Senate Banking Committee final month, the 66-year-old named the creation of a digital asset regulatory framework as a “high precedence.” He criticized the prevailing lack of clear tips, arguing it causes confusion and suppresses innovation.
The official additionally dedicated to working with Congress and SEC commissioners to construct guidelines that stability investor safety with innovation.
The brand new chair additionally brings intensive expertise within the crypto area. He based Patomak World Companions in 2009, a consultancy whose shoppers embody conventional banks, crypto exchanges, and DeFi platforms.
From 2017 to 2024, he co-led the Token Alliance, which advocated for crypto-friendly insurance policies. He additionally served as an SEC Commissioner from 2002 to 2008.
Binance Free $600 (CryptoPotato Unique): Use this hyperlink to register a brand new account and obtain $600 unique welcome supply on Binance (full particulars).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this hyperlink to register and open a $500 FREE place on any coin!
