Paul Atkins was sworn in to officially become president of the American Securities and Exchange committee, which refers Mark Uyeda to his previous role as a republican commissioner after three months of service charged as the head of the agency.
Atkins permanently replaces the former president, Gary Gensler, whom the cryptographic industry had largely considered her antagonist leader of the American government. But Uyeda and his colleague Commissioner Hester Peirce have already put the dry on a path towards a greater acceptance of digital assets, forming a working group by crypto, deducting a long list of industry application measures and bringing together representatives of the industry in a series of cryptographic round tables. The agency staff also published declarations announcing various cornpto corners outside of its jurisdiction of titles.
The new president said he was honored by “confidence and confidence” Trump and the American Senate in him and is happy to start working with the other commissioners.
“Together, we will work to make sure that the United States is the best and surest place in the world to invest and do business,” he said in a statement.
Atkins, who was confirmed by the Senate as president of President Donald Trump earlier this month, had previously been the SEC commissioner and headed a consulting firm in Washington focused on compliance and political issues. In addition to its Wall Street links, Atkins also assumed consulting positions with cryptographic companies.
The Senate easily approved Atkins with a vote of 52-44, although the senatorial banking committee has advanced its confirmation according to the party’s parties. All the Democrats of the Panel opposed the candidate, including Senator Elizabeth Warren, who criticized Atkins’ previous mandate at the SEC from 2002 to 2008, the striker for the 2008 global financial crisis.
The SEC is faced with a considerable crypto program, potentially more complicated by Trump’s personal commercial interests in industry, including in the stablecoin of World Liberty Financial and in the same (like the president’s own Trump). Its possible cryptographic regulation, however, will be widely led by future legislation which is now a priority at Congress.
Atkins’ mandate will begin with an incomplete commission, with only four of its five members in place. And the only democrat – Caroline Crenshaw – occupies an already expired mandate. The White House has not yet moved to fill the two democratic slots of the commission, and other regulators have seen Trump trying to overcome the democratic members of their positions.
Read more: Trump’s choice to manage the dry Paul Atkins promises a new cryptography position, gets few questions
