Paul Atkins, nominee for the position of chair of the U.S. Securities and Exchange Commission (SEC), is awaiting his appointment, which may take place by the end of this week. The Senate has scheduled an important vote on his candidacy.
Cloture Vote and Confirmation of Atkins
According to independent journalist Eleanor Terrett, the U.S. Senate has scheduled a cloture vote for Paul Atkins’ nomination at 11:30 AM on April 9. This vote can quickly end the ongoing legislative process and is the next step towards his confirmation. If the vote succeeds, a full confirmation vote may occur as early as 7:00 PM the same day.
Acting SEC Chair Mark Uyeda
Since the new U.S. administration took office, Mark Uyeda has filled the position of acting chair of the commission. Under his leadership, the Ripple lawsuit has been closed, and several pro-crypto measures have been implemented. Paul Atkins' confirmation will bring an end to Uyeda's tenure.
Expectations in the Crypto Industry from Atkins
Many crypto industry leaders have validated Paul Atkins’ nomination, drawing on his past records. As a former commissioner, he has always advocated for pro-crypto policies, and it's expected that he will continue this support when confirmed. The industry anticipates a shift away from Gary Gensler's enforcement-driven approach, which opens up possibilities for new financial products like a Dogecoin ETF.
Thus, Paul Atkins may be confirmed as the new SEC chair before the end of the week, opening up new prospects for the U.S. crypto industry.
