Paul Atkins is only to take over the American Commission for Securities and Exchange as the choice of President Donald Trump to supervise the country’s securities sector – including the role that the cryptography sector plays.
A test ceremony will soon put the former SEC commission in charge of the high -level regulator – a case encouraged by the digital asset sector which considers it a strong ally after its important companies to advise cryptographic companies as a consultant in financial services in Washington. Confirmation of the Atkins Senate was easily eliminated Wednesday in a 52-44 vote.
The long -standing figure in the American financial policy – both within the government and as an external advisor – was generally to move easily by confirmation, although the Senate Banking Committee approved Atkins in the parties, all the Democrats of the Panel opposing the candidate.
The confirmation of Atkins took the usual months to emerge from the Senate, and in time between the departure of the predecessor Gary Gensler and the arrival of Atkins, the head of the Trump interim agency, Mark Uyeda, made an ambitious revision of ambitious crypto and quickly deployed. The SEC has rejected almost all of its measures to apply high -level digital assets, and its staff quickly described a number of industry segments which he considers outside of his court – including certain stable mothers (such as President President of the President) and the exploitation of work proof.
Many areas in which the agency has already shown that policy changes overlap with Trump’s family cryptography companies, including the same family and its links with World Liberty Financial, which continued its own stablecoin. Atkins will resume these questions to apply permanent standards, potentially led by future legislation which is now a priority at Congress.
Atkins’ mandate will begin with an incomplete commission, which is supposed to have five members and whose only democrat – Caroline Crenshaw – occupies an already expired mandate. The White House has not yet moved to fill the two democratic positions of the Commission.
