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The U.S. Senate confirmed Paul Atkins as the new SEC Chair in a 52-44 vote, marking a shift from Gary Gensler’s enforcement-heavy approach. Atkins, a former SEC Commissioner and crypto advocate, is expected to recalibrate the agency’s stance on digital assets. His confirmation signals a potential easing of regulatory pressure on the crypto industry.
- Atkins' confirmation marks a departure from Gensler's enforcement-first approach, favoring a principles-based regulatory framework for crypto.
- The SEC under Acting Chair Uyeda had already begun deregulatory moves, including dismissing crypto cases and repealing SAB 121.
- Atkins' ties to the Token Alliance and $6M in crypto holdings suggest a more industry-aligned leadership for the SEC.
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