Known for his pro-Bitcoin stance, Atkins brings a fresh perspective to the agency.
This is especially important at a time when digital assets are making waves in financial markets. This is very important news for the SEC.
Lummis Backs Atkins, Focuses on Crypto Regulation Reform
The confirmation came with support from key figures, including Senator Cynthia Lummis, who expressed her confidence in Atkins’s leadership. “I’m pleased Paul Atkins is confirmed as Chairman of the SEC,” Lummis said. “I sat down with Mr. Atkins to discuss digital asset legislation, empowering Wyoming’s blockchain future, and implementing reforms to the regulatory rulemaking process. I’m confident his leadership will bring positive change.”
Atkins’ appointment is seen as a step in the right direction for the growing crypto industries. Especially after years of uncertainty around how digital assets should be regulated. People expect Atkins, a Bitcoin supporter, to bring clarity and a balanced regulatory approach to the digital asset space.
I’m pleased Paul Atkins is confirmed as Chairman of the SEC. I sat down w/ Mr. Atkins to discuss digital asset legislation, empowering Wyoming’s blockchain future & implementing reforms to the regulatory rulemaking process. I’m confident his leadership will bring positive change. pic.twitter.com/1cpGrNjSrg
— Senator Cynthia Lummis (@SenLummis) April 9, 2025
One of the key areas of focus for Atkins will be streamlining the regulatory process. Previous SEC leadership faced criticism for being slow to adapt to digital asset growth. Atkins plans to break through the red tape and create a more efficient regulatory framework. This would be a game-changer for startups and investors facing unclear or outdated rules.
More About the SEC
Ripple Labs and the U.S. SEC have jointly filed a motion to pause their ongoing appeals. This indicates progress toward resolving their legal dispute over XRP token sales. The motion aims to pause both parties’ appeals while awaiting final settlement approval.
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…
— Stuart Alderoty (@s_alderoty) March 25, 2025
The SEC is expected to issue a status report within 60 days if it doesn’t approve the settlement by then. This could end a major legal battle that has shaped U.S. cryptocurrency regulation.
Disclaimer
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