Paul Atkins took place officially as the 34th US Securities and Exchange Commission (SEC) Chairman on April 21.
This is a return to the Bureau for Atkins, who previously served as a SEC commissioner from 2002 to 2008 during the George W. Bush administration.
In his return to the SEC, Atkins stated that he was honored by President Donald Trump and the trust of the US Senate in him. He promised to maintain the mission of the agency to support capital formation, protect investors and to maintain fair and efficient markets.
He emphasized his dedication to make the US a top destination for global investments and promised to collaborate with other supervisory directors and SEC professionals to achieve that goal.
Turning point for crypto
Atkins is generally considered more favorable for digital assets than its predecessor, Gary Gensler. During his hearing of the senate hearing, Atkins emphasized the crypto regulation as one of its most important priorities, an attitude that was welcomed by many in the blockchain room.
The appointment of Atkins is expected to build on the various crypto-forward movements under acting chairman Mark Uyeda.
In particular, Uyeda recently led the efforts to form a crypto-specific task force, to withdraw a series of enforcement cases with blockchain companies and to order a new overview of the existing crypto policy.
In the meantime, the new SEC chairman has a remarkable exposure to the sector. He has an estimated $ 6 million in crypto-related investments, including nearly $ 1 million in equity in two blockchain companies and $ 5 million in a crypto investment fund.
What does the community expect from Atkins?
Given the pro-Crypto setup of Atkins, market leaders consider his appointment as a possible bending point for the emerging industry.
Pierre Rochard, CEO of the Bitcoin Bond Company, believes that the Pro-Market approach of Atkins could support the approval of Bitcoin-supported effects. He said that a competitive American capital market would benefit such financial products.
Nate Geraci, president of the ETF store, shared a similar image. He expects the SEC to make progress in the field of long-set crypto ETF control change applications.
Geraci pointed to possible decisions about creations in kind, repayments and Ethereum stretching structures such as early indicators of policy direction led by Atkins.