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Senate Confirms Paul Atkins as SEC Chair Under Trump 2.0
The United States Senate has confirmed Paul Atkins as the new head of the Securities and Exchange Commission (SEC), replacing Gary Gensler, in a vote of 52-44. President Donald Trump’s choice for the position, Atkins is expected to take office soon.
As anticipated, Atkins’ confirmation aligns with Trump’s administration’s broader financial oversight restructuring efforts. He will join Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick in supporting the president’s goal of transforming the US into the “crypto capital of the planet.”
In his March 27 confirmation hearing, Atkins expressed a desire to establish clear and principled regulatory guidelines for digital assets, stating his intention to work closely with Congress on crafting a “rational” framework. He emphasized the need for market-driven innovation and pledged not to let politics influence regulatory decisions.
Atkins’ stance on crypto regulations is expected to be more favorable than that of his predecessor, Gensler. His appointment marks a significant shift in the SEC’s approach to regulating digital assets.
Source: https://cryptobriefing.com/paul-atkins-sec-trump/
