SEC Appoints Paul Atkins as New Chair: Shifting Towards Pro-Innovation Policies

Paul Atkins has been confirmed as the new chair of the Securities and Exchange Commission (SEC), signaling a potential shift towards more pro-innovation policies in the cryptocurrency industry. This appointment follows Gary Gensler’s resignation, marking a turning point for US digital asset regulation. The SEC under Atkins aims to establish clear regulations for tokens, custody, and markets, reversing past enforcement strategies. 52-44 Senate votes confirmed his selection.