BREAKING: The US Senate has confirmed the new SEC Chair! Here is who it is and what you need to know.

Paul Atkins received approval from the Senate as the SEC Chairman.

After taking the oath, he will officially become the SEC Chairman. The oath ceremony is usually a formality and can take place shortly after approval. Until the oath is taken, the acting Chairman will continue in office.

Atkins previously served as a SEC commissioner during President George W. Bush's administration from 2002 to 2008. Most recently, he served as the CEO of the financial services consulting firm Patomak Global Partners. He supports calls for regulation in the crypto industry. In a 2023 interview, he said, "The collapse of FTX was an international fiasco because I think our U.S. rules did not adapt to this new technology."

As part of the ethical agreement, Atkins also agreed to resign from his position in the Digital Commerce Chamber’s Token Alliance, a policy group advocating for crypto companies.

Paul Atkins had assets worth up to 6 million dollars related to crypto, even though he did not have Bitcoin. He has now sold all of them.