Pass the Paul Atkins chair is passed, what does that mean to regulate the encryption

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Pass the Paul Atkins chair is passed, what does that mean to regulate the encryption

The SEC president’s nomination for Paul Attins was approved by a 13-11 vote in the Senate Banking Committee.
It calls for the clearing lists, citing issues such as FTX, due to unclear policies.
Atkins will replace Mark Uyeda, who supervised the enforcement procedures related to encryption.

The long -awaited SEC chair has ended with the selection of a professional encryption commander.

Paul Atkins advanced towards being Chairman of the next US Securities and Stock Exchange (SEC) After receiving the vote of a banking committee near the Senate. The committee voted from 13 to 11 in favor of approving Atkins on Thursday, and sent his confirmation to the Senate.

The vote was a strict party, as all Democrats oppose the nomination. But with the support he obtained in the Senate, Atkins is likely to be confirmed, albeit with a narrow margin. Interestingly, some Democratic Senate members have crossed the vote on the committee on April 3, when Senator Elizabeth Warren made their votes.

His appointment comes after Gary Ginsler, the outgoing SEC president on January 20. Mark Oida has worked as a prosecutor since the departure of Jinsler, where he supervised the main initiatives, including the development of the encrypted currency business squad and enforcement measures against some high -level companies in the area of digital assets.

Senator Tim Scott, Vice -Chairman of the Committee, was also optimistic that Atkins would be a valuable addition to the committee and shows how his leadership will provide the organizational certainty that is needed for digital assets.

Atkins’s organizational philosophy and background

Atkins is not a stranger to the Supreme Education Council, after he held the position of Commissioner from 2002 to 2008 during the George W. Bush administration. After leaving, the Patomak Global Partners, a financial consulting company specializing in organizational compliance and risk management.

His position on the organization of the cryptocurrency has gained attention in the financial community. In an interview in 2023, Atkins described some of the challenges facing digital assets platforms, such as FTX, for unconfirmed and restricted American regulations. It has strengthened more strict and more flexible regulations that allow innovative thinking and support consumer protection.

The entire Senate was appointed to make a vote to confirm it. The financial community closely monitors how Atkins will affect the organization of future encryption in the United States