The post Senate Votes To Move Forward With Paul Atkin’s Nomination To The SEC appeared on BitcoinEthereumNews.com.

The US Senate has voted 51-45 to proceed with Paul Atkins’ nomination as the new Securities and Exchange Commission (SEC) Chair. With the SEC leadership in place, investors can expect urgency in making clear rules for Solana, Ripple, and Dogecoin ETFs.  The upper chamber will have a final vote on the nomination, possibly as early as this evening.  Paul Atkins Confirmed As New SEC Chief  Atkins is a former SEC commissioner and was approved by the Senate on Wednesday evening. President Donald Trump had nominated Atkins, a Wall Street consultant to head the SEC, describing him as a proven leader for common sense regulations. Trump had spoken of Atkins in high praise, stating,  “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World.” Atkins served as a commissioner with the SEC from 2002 to 2008 but now takes over the agency mandated to enforce laws against market manipulation. “NEW: The Senate has voted (51-45) to proceed with a vote on Paul Atkins’ nomination to the SEC. The upper chamber is now set to move forward with a final vote on Atkins potentially as soon as this evening.” Mark Uyeda has been holding fort as the Acting Chair of the SEC until now and has changed how the commission approaches crypto. Uyeda has overseen the settlement with Ripple and eased the agency’s tough enforcement approach. With Atkins’ confirmation, Uyeda is set to step aside, marking the beginning of a new era for SEC policy and direction.  A New SEC Approach  The SEC under Atkins is expected to reduce corporate disclosures, cut back on regulation, and adopt a friendlier approach to crypto, particularly after previous SEC Chair Gary Gensler adopted a…

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Filed under: News - @ April 10, 2025 9:28 pm