New SEC Chairman Paul Atkins Set to Take Office
Paul Atkins, the nominee to lead the U.S. Securities and Exchange Commission (SEC) as chairman, is on track to be confirmed and officially start his role before the week is over. A recent report by independent journalist Eleanor Terrett reveals that the U.S. Senate has scheduled a crucial vote that could pave the way for his confirmation.
Current Acting Chairman Mark Uyeda Anticipates Transition
According to Terrett’s findings, the Senate has set a cloture vote for chair nominee Paul Atkins at 11:30 a.m. ET on April 9. A successful cloture vote would expedite the confirmation process for Atkins.
If the cloture vote passes, a full confirmation vote for Paul Atkins could take place as early as 7:00 p.m., potentially finalizing his appointment as permanent chairman in less than 48 hours.
NEW: The Senate has scheduled a cloture vote for @SECGov Chair nominee Paul Atkins at 11:30AM tomorrow.
Voting on cloture is the next step towards his confirmation. If that vote succeeds, he could have a full confirmation vote as early as 7:00PM.
— Eleanor Terrett (@EleanorTerrett) April 9, 2025
In the interim, Mark Uyeda has been serving as the acting chair of the SEC since the new administration took office. Under Uyeda’s leadership, the Ripple lawsuit was resolved, and several pro-crypto initiatives were implemented.
However, Paul Atkins’ confirmation would signal the end of Mark Uyeda’s tenure as acting chairman.
Impact of Paul Atkins’ Leadership on Crypto Industry
Numerous industry experts have endorsed Paul Atkins’ nomination based on his track record. As a former commissioner, Atkins has consistently advocated for pro-crypto policies and is expected to continue this stance once officially appointed.
The crypto landscape is transitioning away from Gary Gensler’s enforcement-focused approach towards a more accommodating regulatory environment. With the expectation of a shift in strategy over the next four years, Atkins’ leadership could pave the way for new developments such as a Dogecoin ETF and other innovative offerings.