Paul Atkins is just an oath to take care of the United States Securities and Securities Commission as the election of President Donald Trump to supervise the nation’s securities sector, including any role that the cryptographic sector performs in that.
A swear ceremony will soon put the former SEC commission in charge of the high profile regulator, a matter applauded by the digital asset sector that sees it as a strong ally after its important background advised cryptographic companies as a financial services consultant in Washington. The ATKINS Senate confirmation was easily cleared on Wednesday in a 52-44 vote.
It was generally expected that the United States financial policy figure, both in the Government and an external advisor, would easily move through confirmation, although the Senate Banking Committee approved Atkins along the party’s lines, with all the Democrats of the panel opposing the nominee.
The ATKINS confirmation took the usual months to emerge from the Senate, and over time between the departure of the predecessor Gary Gensler and the arrival of Atkins, the head of the Trump’s interim agency, Mark Uyeda, carried out an ambitious and displayed cryptographic review. The SEC has expelled almost all its actions to apply high -profile digital assets, and its staff quickly described a series of industry segments that it considers outside its jurisdiction, including some stable, Memecoins (such as President $ Trump) and work test mining.
Many of the areas in which the agency has already demonstrated policy changes overlaps with Trump’s family cryptographic businesses, including family memecoins and their ties with World Liberty Financial, which has followed its own stable. Atkins will assume those problems to apply permanent standards, potentially led by future legislation that is now a priority in Congress.
Atkins’ mandate will begin with an incomplete commission, which is destined to have five members and whose only Democrat, Caroline Crenshaw, is occupying an expired term. The White House has not yet moved to occupy the two democratic positions in the Commission.
