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The United States Senate has narrowly confirmed the nomination of Paul Atkins for a five-year term as chair of the SEC, the regulatory agency that was established to protect investors and ensure trust in the financial system.
Widely regarded to be a “pro-crypto” pick by President Trump, Atkins is a career regulator who began service at the SEC in 1990 and worked in various federal government roles until 2017, after which he founded a consulting firm to advise both traditional and crypto companies on financial regulatory compliance.
Atkins previously criticized the lack of clear rules surrounding cryptocurrency as a "fundamental underlying issue" for regulators to address, and it is expected that his SEC will imminently provide guidance on the ambiguous intersection between digital assets and securities laws.
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