Source: Cointelegraph Original: "{title}"
Update: April 22, 2025, 12:35 UTC - This article has been updated to include more details about Paul Atkins' swearing-in as SEC Chairman.
Paul Atkins has officially been sworn in as the 34th Chairman of the SEC.
The announcement on April 21 revealed this news, nearly two weeks after Atkins was confirmed for the position by the U.S. Senate with a vote of 52 to 44 on April 9.
Atkins stated, "I am deeply honored and grateful to President Trump and the Senate for their trust and support in my leadership of the SEC." Atkins previously served as an SEC Commissioner from 2002 to 2008.
"I am excited to return to the SEC and work alongside my fellow commissioners and the professionals at the agency to advance its mission - to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors."
"We will work together to ensure that America remains the best place in the world to invest and do business."
Atkins is widely regarded as leading an SEC with a more cryptocurrency-friendly policy than that of former Chairman Gary Gensler under the Biden administration.
Reports indicate that Paul Atkins' confirmation process was delayed due to his need to submit several financial disclosures related to his marriage into a billionaire family.
It was reported that some of these financial disclosures involved cryptocurrency-related investments of up to $6 million, including investments in the crypto custody platform Anchorage Digital and the blockchain tokenization platform Securitize.
Atkins succeeds acting Chairman Mark Uyeda, who helped establish a cryptocurrency working group at the SEC in January aimed at strengthening the relationship between the commission and industry participants.
Additionally, the SEC has also withdrawn some recent cryptocurrency investigations and enforcement actions led by Gary Gensler, including cases involving Coinbase, Consensys, Gemini, and Uniswap.
According to a Bloomberg report on April 21, the SEC under Atkins will decide on over 70 cryptocurrency-related ETF applications this year.
Bloomberg ETF analyst James Balchunas stated on the X platform, "From XRP, LTC, SOL, to Penguins, DOGE, and 2x Melania, and everything in between."
"This year is going to be crazy."
Another Bloomberg ETF analyst, James Seyffart, mentioned in February that the recent surge in cryptocurrency ETF applications reflects issuers adopting a "spaghetti cannon" strategy to test which products the new leadership might approve.
"Issuers will try to launch many different products to see which ones succeed," Seyffart said.
Related: Saylor hints at buying Bitcoin, over 13,000 institutions hold Strategy assets.
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