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6d ago

Paul Atkins Sworn In as SEC Chair, Taking on Crypto Regulation Shift

Atkins pledges a rational approach as he inherits 72 crypto ETF applications and leads the SEC's transition to a more collaborative regulatory framework.

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration
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Overview

  • Paul Atkins officially became the 34th Chair of the U.S. Securities and Exchange Commission after a 52-44 Senate confirmation vote.
  • Atkins takes over during a pivotal moment, with 72 crypto-related ETF applications awaiting review, including those tied to Bitcoin, Ethereum, Solana, and meme coins.
  • The SEC, under Atkins, is expected to continue shifting from Gary Gensler’s enforcement-heavy approach to a more collaborative stance on crypto regulation.
  • Atkins has committed to providing clearer regulatory guidance on digital assets, emphasizing a principles-based and market-friendly approach.
  • The SEC retains the ability to delay decisions on certain crypto ETFs, with rulings on XRP-related applications potentially postponed until mid-October.