Key Takeaways
- Paul Atkins officially became SEC Chair on April 21, 2025.
- Atkins is seen as more Bitcoin-friendly than former Chair Gary Gensler.
- Industry leaders expect progress on Bitcoin ETF applications under Atkins.
Paul Atkins officially assumed his role as the 34th Chair of the U.S. Securities and Exchange Commission (SEC) on April 21, marking a pivotal moment for Bitcoin policy in the country.
Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under President George W. Bush, pledged to uphold the agency’s mission while strengthening the U.S. as a premier destination for global investment.
Atkins stated upon taking office:
I am honored by President Donald Trump and the Senate’s confidence.
Bitcoin-friendly approach
Atkins is viewed as significantly more favorable toward Bitcoin than his predecessor, Gary Gensler.
During his Senate confirmation hearing, he emphasized the importance of crypto regulation, a stance welcomed by many in the Bitcoin space.
His appointment follows acting Chair Mark Uyeda’s crypto-forward moves, including the creation of a crypto-specific task force and the dismissal of several enforcement actions against blockchain companies.
Personal crypto exposure
Atkins also has personal exposure to the sector, holding around $6 million in crypto-related investments, including $1 million in blockchain companies and $5 million in a crypto investment fund.
Industry optimism
Industry leaders expressed optimism about his appointment. Pierre Rochard, CEO of the Bitcoin Bond Company, said Atkins’ pro-market approach could help advance Bitcoin-backed securities.
Nate Geraci, President of the ETF Store, noted that Atkins could help push forward stalled Bitcoin ETF rule changes, including decisions around in-kind creations and Ethereum staking structures.
