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Market

Paul Atkins To Be Sworn In As New U.S. SEC Chairman

Paul Atkins will appear before the Senate Banking Committee on March 27th for his confirmation hearing to become the next SEC Chairman, replacing Mark Uyeda.

Haider Jamal
March 21, 2025

Reducing Enforcement Actions

If confirmed, Atkins, a former SEC commissioner (2002-2008) and founder of Patomak Global Partners, is expected to reduce enforcement actions and simplify the process for private companies to go public, especially in relation to the crypto industry.

Source: Mark Uyeda (Fox Business)

Atkins’ confirmation hearing will coincide with reviews of Jonathan Gould, nominated to lead the Office of the Comptroller of the Currency, and Luke Pettit, nominated for assistant secretary of financial institutions at the U.S. Treasury.

A Different Approach

The SEC has already been shifting its approach under Uyeda in 2025, dropping over 10 crypto enforcement cases, including those involving Kraken and Robinhood.

Additionally, the SEC recently decided not to pursue its appeal in the Ripple lawsuit and clarified that Proof-of-Work mining does not fall under U.S. securities laws.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.