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Paul Atkins Confirmed as New SEC Chairman with a Vote of 52-44
With a narrow vote of 52 in favor – 44 against, the U.S. Senate has officially approved Paul Atkins as Chairman of the Securities and Exchange Commission (SEC) for a term ending in June 2026. The most notable aspect of Mr. Atkins' return is the commitment to loosen financial regulations, especially regarding the cryptocurrency market – a topic that has been controversial in Washington lately.
SEC is undergoing significant changes Before Mr. Atkins was appointed, acting predecessor Mark Uyeda carried out a "major surgery" on policy, which eliminated many lawsuits related to crypto, and declared that stablecoins, PoW mining, and meme coins were no longer under the direct jurisdiction of the SEC. Some of these projects have financial ties to the Trump family, including meme tokens ( and World Liberty Financial – the issuer of its own stablecoin. Atkins – The Shaper of a New Direction As a seasoned professional who has served twice as a member of the SEC, Mr. Atkins is expected to formalize significant changes in the approach to the crypto market while continuing to ease disclosure requirements and regulatory burdens for businesses.
In the context of about 500 SEC employees having left under the downsizing program, the agency is gradually shrinking in accordance with the policy of the Trump administration.