The US Senate has confirmed Paul Atkins as the new SEC Chairman, effectively launching his tenure in this critical role. Following the confirmation, Atkins will officially assume the chairmanship position following a customary swearing-in ceremony. Until then, the acting chairman will continue to oversee operations. Previously serving as SEC commissioner under President George W. Bush from 2002 to 2008, Atkins has expertise in financial services consulting through his role as CEO of Patomak Global Partners. He is a strong advocate for regulatory measures within the cryptocurrency industry. “The FTX collapse was an international disaster because, in my opinion, the US didn’t adapt our regulations to this new technology”, he declared during a 2023 interview. Atkins agreed to step down from his position at Digital Commerce Chamber’s Token Alliance, a policy group that promotes crypto companies as part of the ethics agreement. He also disclosed selling all $6 million in crypto-related assets, not Bitcoin, prior to this appointment. This information is for informational purposes only and does not constitute investment advice. For further reading on the confirmation process, please refer to: * BREAKING: US Senate Confirms New SEC Chair*