US Senate confirms Paul Atkins as a new president Sec

The American Senate confirmed Paul Atkins as a new chairman of the Securities Commission in 52-44 votes on Wednesday, 9 April.

After confirmation, Atkins was cleaned to lead the regulatory agency currently during the main change of policy, according to Reuters. Atkins, spicy SEC Veteran and open lawyer for the crypto industry, was nominated by President Donald Trump that he managed to resign in January after the conflict with digital firms in January.

Atkinni served as a Commissioner for DC with 2002. until 2008. under President George V. Bush. Since then, he has led the reculities consulting company and advised several financial and crypto launches. He also chaired the Alliance token, a group promoting Blocchain Innovation and even testified in court as a defense expert, which the Defense took over Gensler-Led Sek.

The area of ​​ethics shows that Atkins and his wife contain between $ 327 million and $ 588.8 million in total assets, with about $ 6 million in digital property. Until recently, he held capital and options in digital and securitization, two main crypts of the company, and 5 million partners for the parennial share in the Capital Investment Fund in Cripto. Now that he is confirmed, he agreed to separate from all cryptological farms.

During his 27th March for before confirmation, Atkins promised to introduce clear rules for digital assets and reduce political interference in regulatory decisions. She criticized past sex policies under Glenslal as vaguely and overly aggressive, claiming that innovations and injuries were forming capital. “It’s time to go back to the Second Suc,” he said in the Senate.

The appointment was not without controversy. Senator Elizabeth Warren led a democratic opposition, inviting at the Atkins’s close ties to the financial industry and his role during the Financial Crisis 2008. years. She warned that she would set him in charge of the Secu could weaken the protection of investors and give too much power for crypto lobbyist.

Indijderi industry expect Atkinni to switch the focus agencies away from execution and towards creating more supportive Environment for CRIPTO innovation. His confirmation comes after the Mark UIed’s acting chair and Commissioner Hester Peirce recently reduced the number of protects against crypt’s companies and reviewed access to the Agency of Digital Property.

Atkins’s appointment implies the effort of the Trump administration that the United States does a global digital property hub. With Atkins, many in the industry will consider that a sign that financial products based on Blocchain will be adopted widely and that the approval of trading funds will continue faster traders.