Paul Atkins Becomes SEC Chair, New Pro-crypto Policies Ahead AllinCrypto April 10, 2025
Paul Atkins has finally ascended to become the new SEC chair, taking over where Gary Gensler left off in 2024.
Atkins was nominated by President Trump prior to his inauguration to oversee the SEC due to his connections to digital assets and businesses, making him a strong contender alongside Brian Brooks.
The US Senate confirmed Atkins as the new chairman of the Securities and Exchange Commission on April 9 with a 52-44 vote.
Atkins wins SEC seat after 54-44 Senate vote
After a 52-44 vote, Paul Atkins has become the new SEC chairperson, replacing acting chairperson Mark Uyeda and former chair Gary Gensler, bringing the SEC into a new era.
On the way to becoming chair, Atkins beat competitor Brian Brooks who many believed was going to be chosen by Trump for the role. Currently, Brian Brooks is on the HBAR Foundation Board of Directors.
Under acting chair Mark Uyeda, the SEC has formed the Crypto Task Force and deregulated the cryptocurrency industry to spur growth and facilitate innovation in crypto after years of stubborn, unclear regulations.
Paul Atkins plans to shift the SEC’s approach to digital assets and businesses by focusing on clear regulatory guidelines and offering support in Trump’s pro-crypto administration.
Atkins previously spoke at the Senate on his aims as upcoming chairman and the importance of clear guidelines for investors, businesses, and US-based industries.
During this talk, Atkins’s exposure to cryptocurrencies was made public with Senator Elizabeth Warren commenting on his $6 million crypto portfolio.
The assets were disclosed as part of the rules for Paul Atkins to take the chair. According to reports, the portfolio was split between BlackRock’s tokenization firm, Securitize, Anchorage Digital, and crypto-related assets. Despite this, the Senate confirmed Atkin’s with a vote on April 9.
“Confirmed, 52-44: Confirmation of Executive Calendar #61 Paul Atkins to be a Member of the Securities and Exchange Commission for the remainder of the term expiring June 5, 2026,”
Chairman Paul Atkins to oversee pro-crypto overhaul in the US
Atkins, with former cryptocurrency experience at Reserve Rights (RSR) where he held an advisory role, will oversee new crypto regulations for stablecoins including the GENIUS and STABLE Acts, due to voting very soon.
Reports suggest Trump wants both Acts to be confirmed before August 2025 to allow institutional investors to dig deeper into crypto with finalized, clear regulatory guidelines, a demand that institutions have been asking for.
With Atkin’s in the chair, the SEC has finally moved on from its disruptive past with Gensler and into an era whereby stablecoins and crypto are leading the US’s adoption of digital assets in a big way.
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