Senate approves Paul Atkins as new SEC Chair
Source Fxstreet
- The US Senate voted 52-44 to approve Trump's pick Paul Atkins as the new Chair of the SEC.
The Senate voted 52-44 on Wednesday to approve Paul Atkins as the new Securities and Exchange Commission (SEC) Chair. The news could improve sentiment in the crypto market, considering Atkins has previously advocated for better crypto regulations and served as an advisor to crypto companies.
With the Senate confirmation, President Donald Trump will have to sign off on Atkins approval before he will be sworn in as new SEC Chair. Atkins will also have to step down from his role as the CEO of Patomak Global Partners to serve in the new position.
(More to come)
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