Paul Atkins, friendly crypto, confirmed by the Senate to lead the dry

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On Wednesday, the US Senate confirmed Paul Atkins at the head of the Securities and Exchange Commission of the United States (SEC) during a vote of 52-44. It should be sworn in and assume its new role in the coming days.

Atkins, chosen to direct the best regulator of the country’s securities market by President Donald Trump, will work in close collaboration with other SEC commissioners, including Republicans Hester Peirce and Mark Uyeda, and Democratic Caroline Crenshaw.

An innovation defender focused on the market, Atkins should largely adopt a position of support for the digital asset sector. Market players anticipate an accelerated approval process for investment products based on cryptography, such as ETFs linked to major assets such as XRP, Solana and even the same respect, Dogecoin.

After the resignation of Gary Gensler on January 20 and the appointment of Uyeda as an acting president, the SEC began to reduce its efforts to apply the crypto.

Uyeda has created a working group led by Hester Peirce to reassess the agency’s strategy to regulate digital assets, strongly diverging from its previous approach.

Controversial rules such as the staff accounting bulletin 121 have also been canceled, with clearer directives for the classification of tokens, the care requirements and the market structure probably on the horizon – developments for which the cryptographic industry has long been pressure. Atkins is likely to speed up this transition.

During its confirmation audience of March 27, Atkins undertook to establish a clear regulatory framework based on principles for digital assets to promote innovation and protect investors.

He also expressed the desire to keep the policy away from regulatory decisions and to advance the clear rules that encourage investment in the American economy.

“It is time to make common sense in the dry,” he told the Senate panel, promising to work with the congress on a “rational” crypto framework. He criticized the “unclear, too politicized” rules which, according to him, hinder capital formation.

Today’s confirmation follows a close approval from the senatorial banking committee 13-11 on April 3.

The appointment was confronted with the opposition of the Democrats, led by senator Elizabeth Warren, who questioned the links on the financial industry of Atkins and his regulatory position during the financial crisis of 2008.

Atkins was commissioner from 2002 to 2008 under President George W. Bush before founding Patomak Global Partners, advice by advising financial and cryptographic customers, notably Sam Bankman from FTX before his collapse. He also co -chaired the symbolic alliance, establishing his cryptographic references.

Confirmation is aligned with the restructuring of financial surveillance of the Trump administration, while ATKINS joins the secretary of the Treasury Scott Bessent and the secretary of trade Howard LITNICK to support the objective of Trump to make the United States the “cryptographic capital of the planet”.

“I am happy that Paul Atkins is confirmed as president of the SEC. I sat with Mr. Atkins to discuss the legislation on digital assets, empowering the future of Wyoming blockchain and the implementation of reforms in the regulatory regulation process.

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