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    Home»Crypto News»Paul Atkins Confirmed as New SEC Chair – Bitbo
    Paul Atkins Confirmed as New SEC Chair – Bitbo
    Crypto News

    Paul Atkins Confirmed as New SEC Chair – Bitbo

    By Crypto EditorApril 10, 2025No Comments2 Mins Read
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    Paul Atkins Confirmed as New SEC Chair – Bitbo

    Key Takeaways

    • Paul Atkins confirmed as SEC Chair in a 52-44 Senate vote.
    • Atkins plans to interchange enforcement-led oversight with innovation-focused Bitcoin insurance policies.
    • The SEC could revisit stalled ETF functions and redefine digital asset classifications.

    On April 9, the U.S. Senate confirmed Paul Atkins as Chair of the Securities and Trade Fee (SEC) in a 52-44 vote, marking a major change in course for the company’s digital asset oversight.

    Background on Paul Atkins

    Atkins, a former SEC Commissioner and longtime Wall Avenue guide, was confirmed alongside celebration traces, with full Republican help.

    He succeeds Performing Chair Mark Uyeda and can serve by way of June 2026.

    Coverage shifts beneath Uyeda

    Uyeda’s temporary tenure already noticed coverage shifts, together with the dismissal of enforcement instances and repeal of SEC Workers Accounting Bulletin No. 121, which had restricted public corporations from custodying Bitcoin.

    Atkins’ management is anticipated to deepen this deregulatory strategy.

    Atkins’ imaginative and prescient for digital belongings

    Atkins has beforehand led the Token Alliance and owns as much as $6 million in Bitcoin-related belongings, in keeping with ethics filings.

    He emphasised in his affirmation listening to the necessity for a “rational and coherent framework” for digital belongings and signaled plans to work with the CFTC and Congress on regulatory gaps.

    Distinction with Gary Gensler

    Atkins’ strategy contrasts sharply with that of former Chair Gary Gensler, who initiated over 100 digital asset enforcement actions.

    Gensler’s view that almost all tokens have been securities formed the SEC’s aggressive stance throughout his tenure.

    Future proposals

    Proposals beneath Atkins could embrace protected harbor provisions for decentralized tasks and sooner approval for Bitcoin-related ETFs.

    In the meantime, critics like Senator Elizabeth Warren have raised considerations over his Wall Avenue ties and previous consulting work associated to FTX.

    Bitbo Dashboard → / Unique Article

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