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International Business Times

Business

Marvie Basilan

Crypto Lauds Paul Atkins Senate Confirmation For SEC Chief, Gary Gensler Trends Amid Senator's Criticism

Paul Atkins Gary Gensler SEC Crypto Bernie Moreno Tim Scott Republican Coinbase Republican Party SECGov

Paul Atkins talks about regulations at CoinMarketCap's The Capital conference in Singapore, November 2019. The Capital '19: Fireside Chat with Paul Atkins, Former Commissioner, U.S. SEC | YouTube (Credit: CoinMarketCap YouTube / Screenshot)

KEY POINTS

Sen. Scott said he believes Atkins will "provide the long overdue clarity on digital assets"
Sen. Moreno said he expects Atkins to become "the greatest" SEC chief as long as he doesn't follow in Gensler's footsteps
Gary Gensler was trending on X overnight after Moreno called him one of the "stupidest people in government"

The U.S. Senate has confirmed Trump-nominated Paul Atkins to lead the Securities and Exchange Commission (SEC), triggering a wave of celebrations across the cryptocurrency community for what could be the first-ever pro-innovation SEC Chair.

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