BREAKING: US Senate Confirms New SEC Chair

Paul Atkins receives Senate confirmation as SEC Chairman.

Once sworn in, he or she will officially become SEC Chairman. The swearing-in ceremony is usually a formality and may occur shortly after confirmation. Until sworn in, the acting Chairman will continue in his or her duties.

Atkins previously served as SEC commissioner under President George W. Bush from 2002 to 2008. He most recently served as CEO of financial services consulting firm Patomak Global Partners. He supports calls for regulation of the crypto industry. “The FTX collapse was an international fiasco because, in my opinion, the U.S. did not adapt our rules to this new technology,” he said in a 2023 interview.

As part of the ethics agreement, Atkins also agreed to resign from his position at the Digital Commerce Chamber's Token Alliance, a policy group that advocates for crypto companies.

Paul Atkins had up to $6 million in crypto-related assets, not Bitcoin, and has now sold all of them.