The US Senate has confirmed Paul Atkins as the new chair of the Securities and Exchange Commission. Senators approved the appointment on Wednesday with a 52-44 vote. 

Atkins is expected to shift the agency’s approach to financial oversight. He plans to ease regulatory requirements, scale back corporate disclosure rules, and continue the commission’s new pro-crypto stance. 

Since last week’s Senate hearing, there have been some doubts about Paul Atkins’ appointment. This was largely due to his significant crypto exposure as an investment leader. 

However, the Senate has decided today with a tight vote.

The leadership change follows a period of major transition at the agency. Mark Uyeda, who served as acting chair after Gensler’s departure, launched a fast-paced overhaul of crypto policy. 

“Confirmed, 52-44: Confirmation of Executive Calendar #61 Paul Atkins to be a Member of the Securities and Exchange Commission for the remainder of the term expiring June 5, 2026,” wrote the Senate Cloakroom.

Under Uyeda, the SEC dismissed several major enforcement actions tied to digital assets. The agency also declared that certain crypto sectors — including stablecoins, proof-of-work mining, and meme coins fall outside its jurisdiction.

Some of these areas have financial links to the Trump family. Their ventures include meme coin projects and connections to World Liberty Financial, a firm backing its own stablecoin. 

Atkins is expected to formalize these regulatory shifts and oversee any new standards that may follow from pending legislation.

“Atkins may have made history tonight as the first SEC commissioner to get confirmed by the Senate three times. Once in 2002, then again in 2003, and now in 2025,” wrote Eleanor Terrett.

The SEC has already begun loosening several other rules. Uyeda delayed implementation deadlines for policies introduced during Gensler’s term. 

He also revised rules on shareholder proposals, making it harder for activists to force issues onto corporate ballots. 

The agency withdrew its defense of rules that required companies to disclose climate-related risks and emissions.

Atkins will take over a smaller agency. Around 500 staff have accepted voluntary resignations or buyouts. This has been part of the Trump administration’s broader effort to shrink federal agencies.

The post Paul Atkins Confirmed as SEC Chair With a 52-44 Senate Vote appeared first on BeInCrypto.

Bitcoin price in Telegram @btc_price_every_hour

349 +