Paul Atkins Officially Becomes SEC Chairman, Bitcoin Soars to US$88 Thousand Paul Atkins was officially sworn in as the 34th Chairman of the Securities and Exchange Commission (SEC) early Tuesday (04/22) local time.
The selection of Paul Atkins was approved by the United States Senate (US) through a vote of 52-44 in early April, replacing Gary Gensler who has led the agency since 2021.
"I am honored by the trust placed in me by President Donald Trump and the Senate to lead the SEC," Atkins wrote in an official statement.
In addition, Atkins previously served as a SEC Commissioner in 2002 and 2008 under President George W. Bush. He expressed great happiness to return to the SEC this year.
This news brings a breath of fresh air to the crypto industry, where Atkins is seen as a very pro-crypto figure and aligned with the vision of the US President who encourages the advancement of this industry.
After this news was released, Bitcoin (BTC) experienced a significant increase to US$88 thousand with a rise of 0.91% over the last 24 hours, according to CoinMarketCap, Tuesday (04/22).
