The US Senate Paul Atkins confirmed As the new president of the Securities and Stock Exchange (SEC) in a vote 52-44, where Wall Street consultant and former Republican Commissioner at the head of one of the most powerful financial organizational agencies in the country.
Atkins, known for his pure position, is expected to enter the Bitcoin approach and a friendly encryption in the Supreme Education Council, which reflects many heavy policies that were implemented during the era of his predecessor Gary Ginsler. His confirmation follows months of political debate and comes within a period of a large transition in US financial regulations.
Atkins was one of the audio critic of what he described as “organizational transgression”, and Atkins had previously advised many encryption companies through his Patomak Global Partners. Those familiar with the industry sees his appointment as a point of transformation for Bitcoin and encryption in the United States, especially since the agency redefines its jurisdiction.
Chairman of the Senate Banking Committee, Tim Scott (RS.) Applaud Atkins asserting, saying on Wednesday that “his term will achieve a pivotal moment for the decline of the Biden era, and the enhancement of capital formation, and the promotion of opportunities for retailers.” “The Chairman of the Board of Directors will also provide an organizational clarity of digital assets, allowing the American innovation to prosper, and ensure that we are able to compete on the world stage.” He said.
Since assuming his post, the Trump administration has already directed the Supreme Education Council to expand the scope of overseeing encryption. Under the interim president, Mark Oida, the agency rejected a number of bitcoin and prominent encryption cases and issued internal guidelines except for many encryption categories.
With ATKINS now, it is expected that the official nature of these changes will be in a long -term policy. Opinioners suggest that Atkins will work closely with the CFTC to implement a more uniform framework for bitcoin and encryption, and may pave the way for Congress legislation that redefines how to organize encryption in the United States
The post Senate Confirms Pro Bitcoin Paul Atkins As SEC Chair first appeared on Investorempires.com.
