SEC Announces New Chairman Paul Atkins; Hopes to Accelerate Review of Altcoin ETFs

The U.S. Securities and Exchange Commission (SEC) announced on the 21st that Paul Atkins has been appointed as Chairman.

Atkins, who was appointed by President Trump in January this year, is known for his cryptocurrency-friendly stance and has positioned the creation of a regulatory framework for digital assets as his "top priority."

In his inaugural statement, Atkins said, "I am pleased to advance our mission to promote capital formation, maintain fair, orderly and efficient markets, and protect investors." He stated that he would "establish a rational and consistent regulatory framework for virtual currencies," and this policy is in line with the stance of Gary, who was critical of cryptocurrencies.