New era for crypto: this is the new sec boss

With the confirmation by Paul Atkins as the new chairman of the American supervisor SEC, the era-Gensler is officially coming to an end. What is striking immediately is that the change of course towards a crypto-friendly policy is now also anchored institutionally. Atkins, an outspoken in favor of less heavy regulation and more room for innovation, is anything but unknown with the world of Wall Street and Cryptocurrencies.

A well -known name with deep roots in the sector

Atkins has already worked at the SEC, from 2002 to 2008, and was an influential voice within the organization during the credit crisis. Since then he has built his own consultancy firm, Patomak Global Partners, and was in the leadership of Token Alliance, a interest group for the crypto sector for years. His appointment on April 9 was finally approved with a relatively tight 52-44 mood in the Senate.

The appointment of Atkins fits within a broader change of course under President Trump. The SEC has recently stopped several lawsuits to cryptog -related companies, including those of Ripple. With the creation of a special crypto Task Force, the Trump government hinted that it wants more dialogue with the industry.

Atkins himself announced during his hearing in March that he wants to provide the crypto sector with a “rational and coherent regulatory framework”, with the aim of giving investors clarity and no longer inhibiting innovation.

That is in sharp contrast with his predecessor Gary Gender, who was known for his hard action against the crypto sector. Under his leadership, the sec conducted dozens of lawsuits against crypto-exchanges and projects, which led to uncertainty and volatility on the market. His approach was often seen as hostile and, according to critics, braked the growth of the sector in the US.

Delay due to financial interests

The appointment of Atkins was some delay by having to submit extensive financial revelations. This had everything to do with his marriage to Sarah Humphreys, heirs of the billion -dollar family behind Tamko Building Products. Together they have an estimated capacity of more than 327 million dollars.

A striking detail is that Atkins itself has also invested firmly in the crypto sector. According to documents, he owns interests of up to six million dollars in Anchorage Digital and the Tokenization Platform Securitize. This raises questions about possible conflicts of interest, but for the time being they do not seem to form a stumbling block.

With the appointment of Atkins, the SEC seems to make a twist towards deregulation and market -friendliness, especially for cryptocurrencies and other risk investments. According to Tim Scott, chairman of the senate committee for banking, Atkins is exactly the right person to “have American innovation flourished” and to keep the United States competitive on the world stage.