Paul Atkins Poised to Lead SEC as Senate Hearing Nears

Paul Atkins, President Donald Trump’s nominee for U.S. Securities and Exchange Commission (SEC) chairman, is set for a Senate confirmation hearing next week. If confirmed, Atkins could assume office as early as next month, continuing the SEC’s shift toward a more crypto-friendly regulatory approach.

A former SEC commissioner and digital asset advocate, Atkins has advised financial firms on compliance matters. His leadership is expected to build on the crypto-friendly policies initiated by Acting Chairman Mark Uyeda, who withdrew from several lawsuits against crypto firms and ended multiple investigations.

The March 27 hearing will also review Jonathan Gould’s nomination to head the Office of the Comptroller of the Currency (OCC), a crucial agency for crypto firms seeking banking access. The OCC may also oversee stablecoin issuers under new legislative proposals. Additionally, the Senate Banking Committee will consider Luke Pettit for assistant secretary of the Treasury.

Atkins’ nomination follows the departure of former SEC Chair Gary Gensler, whose regulatory actions faced criticism from the crypto industry. Gensler’s enforcement-heavy stance led to legal battles, while Uyeda has moved in a different direction, signaling a more open stance toward digital assets.

The outcome of these nominations could shape U.S. crypto regulations and financial oversight, making the upcoming hearing a pivotal moment for the industry.