US Senate votes to confirm Paul Atkins to lead the SEC as it enters crypto friendly era
Powered by @unfolded- The U.S. Senate confirmed Paul Atkins as the new Chair of the SEC with a vote of 52 to 44, following his nomination by President Donald Trump.
- Atkins is expected to adopt a more crypto-friendly regulatory approach, prioritizing the creation of a regulatory framework for digital assets.
- His appointment has faced criticism from some Democrats due to his previous ties with the collapsed crypto exchange FTX, which was a client of his consulting firm.
- The SEC has shifted its stance on crypto regulations since the departure of former Chair Gary Gensler, rescinding controversial guidance and establishing a crypto task force.