Crypto-friendly Paul Atkins sworn in as U.S. SEC Chairman

In a major leadership change that could change the agency’s position on cryptography and digital assets, Paul S. Atkins officially assumed its position of 34th president of Securities and Exchange Commission of the United States.

The oath was officially confirmed by an April 21 press release dry. Atkins was appointed by President Donald Trump on January 20 and confirmed by the Senate earlier this month.

Atkins returns to the dry after being previously commissioner from 2002 to 2008 under President George W. Bush. He recently managed Patomak Global Partners, a regulatory consulting company, and advised several blockchain and fintech startups.

He also co -chaired the symbolic alliance and witnessed an expert in litigation linked to cryptography. Ethics deposits show that Atkins and his wife hold between $ 327 million and $ 588.8 million in total assets, including $ 6 million in exposure to digital assets. Before his confirmation, he held participations in Digital Anchorage, Safe and an LP interest of $ 5 million in the capital of the chain, which he all agreed to yield.

“I am honored by the confidence and the confidence that President Trump and the Senate have placed me to direct the dry,” Atkins said in a statement. “Together, we will work to make sure that the United States is the best and safest place in the world to invest and do business.”

During her Senate confirmation audience in March, Atkins criticized the previous dry administration under Gary Gensler for having been vague and too aggressive towards the cryptography industry. He is committed to reducing political interference, promoting clear regulation of digital assets and supporting capital training.

Industry observers believe that Atkins leadership will mark a major turning point in the dry policy far from the actions focused on the application and to a clearer regulatory environment. With Atkins at the helm, expectations are raised for faster negotiated fund approvals, the more user -friendly rules for tokens transmitters and a more cooperative approach to the surveillance of crypto.

His oath arrives in the middle reports These large crypto companies such as Coinbase, Circle and Paxos are preparing to ask for American banking licenses, encouraged by sources calling for a more favorable environment for Washington. Several ETF applications Also await approval of the dry.