Sec Scott Bessent officially swears in Paul Atkins as the 34th Chair of the Securities and Exchange Commission

Paul Atkins was officially sworn in as the 34th Chairman of the U.S. Securities and Exchange Commission (SEC), marking a pivotal moment for the agency and the cryptocurrency industry.

Appointed by President Donald Trump and confirmed by a 52-44 Senate vote on April 9, Atkins brings a pro-crypto stance that contrasts sharply with the enforcement-heavy approach of his predecessor, Gary Gensler.

His appointment has sparked optimism among digital asset professionals, who anticipate clearer regulations and a more innovation-friendly environment under his leadership.

Atkins, a former SEC Commissioner from 2002 to 2008, is no stranger to financial regulation.

With a net worth estimated at $327 million (and even as high as $500 million according to other estimates), he is the wealthiest SEC chair in decades and holds up to $6 million in crypto-related investments, including stakes in Anchorage Digital and Securitize.

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Sec Scott Bessent officially swears in Paul Atkins as 34th Chair of Securities & Exchange Commission