The U.S. Senate has confirmed Paul Atkins as the new Chair of the Securities and Exchange Commission (SEC) in a 52-44 vote, placing the longtime Wall Street consultant and former Republican commissioner at the helm of one of the most powerful financial regulatory agencies in the country.

Atkins, known for his deregulatory stance, is expected to usher in a bitcoin and crypto friendlier approach at the SEC, reversing many of the enforcement-heavy policies implemented under his predecessor Gary Gensler. His confirmation follows months of political debate and comes during a period of significant transition in U.S. financial regulation.

A vocal critic of what he has described as…

Read more on BitcoinMagazine