Paul Atkins is just an oath away from taking over the US security and exchange commission as President Donald Trump’s election to oversee the country’s securities sector – including what role the crypto sector plays in it.
A heavy ringing ceremony will soon set the former SEC Commission in charge of the high-profile regulator-a question, which is cheered by the Digital Assets sector, who sees him as a strong ally to his significant background advising crypto businesses as a financial service consultant in Washington. Atkins’ Senat’s confirmation was easily cleared Wednesday in a 52-44 vote.
The long -standing figures in US economic policy – both in the government and as an external adviser – were generally expected to easily move through confirmation, although the Senate Bank Committee approved Atkins along party lines, with all the panel’s Democrats opposite the nominee.
Atkins ‘confirmation took the usual months to get out of the Senate, and in time between predecessor Gary Gensler and Atkins’ arrival, Trump’s temporary agency manager, Mark Uyeda, completed an ambitious and quickly implemented crypto overhaul. SEC has thrown almost all of its high-profile digital assets enforcement actions, and its staff quickly outlined a series of segments in the industry as it considers outside its jurisdiction-including some stableecoins, Memecoins (such as the president’s own $ Trump) and evidence of work mining.
Many of the areas where the agency has already demonstrated political shifts overlap with Trump’s family creepy companies, including the family’s Memecoins and its ties to the World Liberty Financial, which has pursued its own stableecoin. Atkins takes over these issues to apply permanent standards, potentially instructed by future legislation that is now a priority in Congress.
Atkins’ tenure will begin with an incomplete commission intended to have five members and whose only Democrat – Caroline Crenshaw – occupies an already expired period. The White House has not yet been moved to fill the two democratic attitudes towards the Commission.