The U.S. Securities and Exchange Commission (SEC) is about to see a major leadership change, with Paul Atkins expected to be confirmed as chairman within days. Journalist Eleanor Terrett reports that the U.S. Senate has scheduled a key vote that could finalize his confirmation and put him in office before the end of the week.
The confirmation process is moving fast. The Senate is planning a cloture vote for 11:30 a.m. ET on April 9. This vote is important because it limits debate and helps speed up the final decision.
If it passes, the Senate could hold a final confirmation vote as early as 7:00 p.m. the same day. This timeline means Atkins could officially take over the role before the weekend.
Until now, Mark Uyeda has been serving as the SEC’s acting chairman. During his time in charge, the commission has shown a more positive attitude toward crypto. Notable actions include settling the high-profile Ripple lawsuit and easing the agency’s usual tough enforcement style.
However, once Atkins is confirmed, Uyeda’s time as acting chairman will come to an end, marking the beginning of a new chapter for SEC policy and leadership.
Paul Atkins is no stranger to the SEC. Having previously served as an SEC commissioner, he has a reputation for advocating policies that favor innovation and financial growth.
Unlike his former SEC, Gary Gensler, who was known for a strict, enforcement-heavy approach, Atkins is seen as a more crypto-friendly leader.
Many in the crypto industry see Atkins as a more open-minded leader when it comes to digital assets. One of the major hopes tied to his confirmation is the approval of long-awaited crypto-based financial products.
This includes the possibility of exchange-traded funds (ETFs) for assets like XRP, Solana (SOL), and Dogecoin (DOGE).
With the Senate vote just around the corner, the financial world is watching closely as the SEC prepares for a new direction under Paul Atkins.
The winds are changing at the SEC, and all eyes are now on what comes next.
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