Crypto-Friendly Paul Atkins Takes Helm at SEC

In Breaking News, pro-crypto Paul Atkins has officially been sworn in as the 34th Chairman of the SEC. Atkins is thought to represent a fresh, supportive and pro-capital market formation for the crypto industry. This is a welcome change to the previous, disastrous, regulation by enforcement era of former SEC chair Gary Gensler.

Over the past couple of months, under interim Chair Mark Uyeda, many significant SEC crypto-related investigations, lawsuits and District Court appeals have either been dropped or resolved. This clears the path for Paul Atkins to hit the ground running and establish new open and informative relationships with emerging asset-class industry participants.

High on the crypto community’s hopes would be the approval of multiple altcoin EFT filings currently on the SEC’s desk waiting for approval. Presently there are over 72 filings of crypto-related ETF products for Atkins and his team members to start combing through, these include products related to altcoins such XRP, Litecoin, and Solana, as well as meme coins like Dogecoin.

XRP ETFs have the potential of being part of the initial approval list due to the fact that it is the only asset with District Court legal clarity as being a non-security and that an agreement to settle has been reached between Ripple and the SEC.

Before this resolution of the Ripple -v- SEC case, XRP was effectively in purgatory, but with clarity and multiple EFT approvals, it could result in significant XRP buying pressure from entities such as Grayscale, Franklin Templeton, 21 Shares and Bitwise to name a few.

How will Paul Atkins stamp his mark on being the new SEC Chair? Time will tell…