Paul Atkins Returns to SEC Helm as Trump Reasserts Influence Over Agency Watchdog
Paul Atkins was sworn in as the 34th Chairman of the Securities and Exchange Commission (SEC), adopting a crypto-friendly stance that contrasts with his predecessor's enforcement strategy. Atkins aims to facilitate capital formation, maintain market efficiency, and protect investors. His nomination received support from 52 Republicans and opposition from 44 Democrats. He founded Patomak Global Partners in 2009, focusing on digital asset standards, and plans to resign from the firm within 90 days. Atkins criticized unclear regulations for stifling innovation and pledged a rational approach to SEC governance. He replaces Gary Gensler, who aggressively pursued crypto firms for securities violations. The SEC under Atkins is expected to review over 70 crypto-related ETF applications. His financial disclosures indicate a net worth of approximately $327 million, making him one of the wealthiest SEC chairs in decades.
