- Donald Trump to swear in Paul Atkins as SEC Chairman on April 24.
- Atkins is known for pro-cryptocurrency and light-touch regulatory policies.
- Potential for regulatory adjustments in favor of DeFi platforms and crypto ETFs.
Donald Trump will hold a swearing-in ceremony in the Oval Office on April 24 at 4 a.m. Beijing time for the new U.S. SEC Chairman, Paul Atkins. The appointment of Atkins, known for his pro-cryptocurrency policies, could signal regulatory changes impacting digital asset markets.
Donald Trump is set to swear in Paul Atkins as the new SEC Chairman. Scheduled for April 24 at 4 a.m. Beijing time, the ceremony in the Oval Office marks Atkins’ return to a role he is not unfamiliar with. He previously served as an SEC Commissioner under George W. Bush. Atkins brings a reputation for advocating “light-touch” regulation, which aligns with a more market-friendly approach in the crypto sector.
Trump to Swear in Pro-Crypto Paul Atkins as SEC Chair
Market expectations indicate a possible easing of regulations impacting digital assets. Analysts suggest these policy adaptations could favor decentralized finance (DeFi) platforms and U.S.-listed crypto ETFs, signaling potential growth opportunities in these sectors.
Reactions are varied. Tim Scott, Chair of the Senate Banking Committee, expressed support by stating Atkins will “provide regulatory clarity for digital assets.” In contrast, Senator Elizabeth Warren flagged concerns, fearing this could empower “billionaire scammers” and weaken oversight.
“His tenure will mark a pivotal moment to roll back harmful Biden-era policies, promote capital formation, and enhance opportunities for retail investors… Chairman Atkins will also provide regulatory clarity for digital assets, allowing American innovation to flourish, and ensuring we remain competitive on the global stage.” — Tim Scott, Chair of the Senate Banking Committee, source.
Historical Context, Price Data, and Expert Analysis
Did you know? When Gary Gensler became SEC Chair in 2021, his tenure resulted in tighter regulations on DeFi and NFTs, contrasting with Atkins’ expected deregulation, potentially impacting Bitcoin and Ethereum markets differently.
According to CoinMarketCap, Bitcoin (BTC)’s price stands at $88,561.15, with a market cap of 1,758,335,615,289.00, commanding a dominance of 63.61%. Recent price changes include a 1.51% increase over 24 hours, while it has decreased by 16.27% over the last 90 days. Its 24-hour trading volume surged by 74.33% to 38,442,885,124.00. As of April 22, 2025, at 02:09 UTC, the circulation supply is 19,854,481 BTC, close to its max supply of 21 million.
Insight from the Coincu research team suggests Atkins’ appointment might open pathways for regulatory adjustments favorable to crypto innovation. This shift could redefine how DeFi platforms operate, influencing market stability and operational clarity while ensuring compliance with any new framework introduced. Further analysis can be found in discussions on [key topics at Tier10K](https://twitter.com/tier10k/status/1914495178850582727).
No tags available.
Other Posts
Latest
Press Release
WuBlockchain Interviews BitMart’s New CEO Nenter (Nathan) Chow: Technological Innovation, Global Expansion, and Community Empowerment
New Purpose-Built Blockchain T-Rex Raises $17 Million to Transform Attention Layer in Web3
