Pro-Crypto Paul Atkins Confirmed As New SEC Chair

The US Senate confirmed that the selection of president Donald Trump, pro-crypto Paul Atkins, will serve as chair of the Securities and Exchange Commission (SEC) in a 52-44 vote.

“A veteran of our commission, we expect him to join us, along with our upcoming staff, to fulfill our mission on public name in investment,” the SEC wrote on April 9 statement Following the former Wall Street Consultant's Confirmation on April 9.

Paul Atkins to rule the SEC during crypto-friendly

The Atkins served as a SEC commissioner between 2002 and 2008, during the global financial crisis. He then proceeded to find the Consulting Firm Patomak Global Partners, whose clients were with banks, crypto exchanges and financial decentralized platforms (DEFI).

Pro-Crypto President Trump Nominated Atkins for the SEC Chair late last year. His confirmation is expected to conduct the SEC in a new crypto-friendly period following the anti-crypto regime led by former Chair Gary Gensler.

I am glad that Paul Atkins has been confirmed as Chairman of the SEC. I sat at W/ G. Atkins to discuss the law of the digital asset, which emphasized the future blockchain of Wyoming and implementing reforms in the regulation process. I am confident that his leadership will bring about a positive change. pic.twitter.com/1cppgrnjsrg

– Senator Cynthia Lummis (@senlummis) April 9, 2025

Atkins said in a ready testimony at a hearing on the Senate banking committee last month that he would create a regulatory framework for digital ownership of a “top priority.”

The Senate Banking Committee Chair Republican Tim Scott is also confident that Atkins will take the SEC into a new path. At a hearing last week, Scott said under the Leadership of the Atkins “The SEC will return to its main mission and ensure that our markets will remain envy in the world.”

Democrats raised red flags in Atkins' ties in FTX

Not everyone was satisfied with Trump's decision to tap the Atkins for the SEC Chair. Many Democrats, including Senator Elizabeth Warren, have criticized the choice because of the Atkins' relationship with the FTX exchange today.

FTX is Reported A client of Patomak Global Partners, and signed as a counselor in early 2022, just months before FTX was filed for losses in late 2022 and CEO Sam Bankman-Fried was found guilty of seven criminals as in 2023.

“He spent his post-government career helping billiards scammers like CEO Sam Bankman-fried to be richer,” Senator Warren Says at a hearing last week.

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