Paul Atkins was sworn into office as the 34th chairman of the Securities and Exchange Commission.
Paul Atkins has officially been sworn in as the 34th chairman of the US Securities and Exchange Commission.
The April 21 announcement comes nearly two weeks after Atkins’ position was confirmed by the US Senate in a 52-44 vote on April 9.
“I am honoured by the trust and confidence President Trump and the Senate have placed in me to lead the SEC,” said Atkins, who served as an SEC commissioner between 2002 and 2008.
“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors.”
”Together we will work to ensure that the U.S. is the best and most secure place in the world to invest and do business.”
Atkins is widely expected to lead a more crypto-friendly SEC than former chair Gary Gensler under the Biden administration.
The Atkins-led SEC currently has over 70 crypto-related exchange-traded fund applications to decide on this year, Bloomberg reported on April 21.
“Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,” Bloomberg ETF analyst James Balchunas said in an X post.
“Gonna be a wild year.”
The recent surge in crypto ETF filings reflects a “spaghetti cannon approach” from issuers testing which products the new SEC leadership might approve, fellow Bloomberg ETF analyst James Seyffart said in February.
“Issuers will try to launch many many different things and see what sticks,” Seyffart said.
Source: Cointelegraph
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