The post Paul Atkins Set to Take Over SEC Chair In Next 2 Days – What This Means for Crypto appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) is on the verge of a major leadership change, as Paul Atkins is expected to be confirmed as chairman within days. According to journalist Eleanor Terrett, the U.S. Senate has scheduled a crucial vote that could seal his confirmation and allow him to take office before the end of the week.
SEC Set for New Leadership
The confirmation process is moving quickly, with the Senate planning a cloture vote for Atkins at 11:30 a.m. ET on April 9. This vote is a critical step, as it can fast-track legislative decisions.
If it passes, Atkins may receive a final confirmation vote as early as 7:00 p.m. the same day. This timeline suggests that he could officially assume his role before the end of the week.
Currently, Mark Uyeda has been leading the SEC as acting chairman. Under his leadership, the commission has taken a more favorable stance on crypto, notably wrapping up the high-profile Ripple lawsuit and softening the agency’s traditionally aggressive enforcement tactics.
However, Uyeda’s term will come to an end once Atkins is confirmed, beginning a new chapter for SEC regulation.
Will Paul Atkins Be a Game-Changer for Crypto?
Paul Atkins is no stranger to the SEC. Having previously served as an SEC commissioner, he has a reputation for advocating policies that favor innovation and financial growth.
Unlike his former SEC, Gary Gensler, who was known for a strict, enforcement-heavy approach, Atkins is seen as a more crypto-friendly leader.
One of the biggest expectations revolves around crypto-based financial products, including the possibility of long-awaited approvals for assets like XRP, Sol & Dogecoin ETF.