The crypto market finally has a leader at the SEC who supports digital assets.

After years of strict regulations, uncertainty, and legal battles, there's a chance for real change.

The crypto market is finally getting a leader at the SEC who supports digital assets. After years of strict regulations, uncertainty, and legal battles, there’s a chance for real change.

Trump’s pick for SEC Chair, Paul Atkins, is expected to take a more crypto-friendly approach – if confirmed. Unlike his predecessor Gary Gensler, who cracked down hard on the industry, aiming to introduce clear and predictable rules, and hopes to encourage growth while ensuring proper oversight. He believes the current, confusing regulations have slowed innovation and pushed businesses overseas.

His confirmation hearing today could set the stage for crypto’s next big chapter.

Set to face the Senate Banking Committee today for his confirmation hearing, where he plans to make the case for a balanced regulatory framework. He has been critical of the agency’s past policies, arguing that complicated and politically driven rules have hurt businesses and investors.

Atkins is viewed favorably by the crypto industry, which hopes to see a shift away from the SEC’s aggressive enforcement that has pushed innovation offshore and limited the development of new products and protocols.

However, his nomination has also faced opposition from Senator Elizabeth Warren and other critics who have raised concerns over his regulatory past.

The candidates for the Supreme Court faced months of hearings and scrutiny, but for the SEC Chair role, the confirmation process has been swift. This might be due to the urgency felt by the crypto industry, which is eager to see a leader who understands and supports the sector.

The threat of a complete shutdown isn't new. Back in March, a group of House Democrats proposed legislation that would ban crypto trading to fund political campaigns.

But the crypto market is still standing, though it's far from its peak. After reaching $109K in March 2023, Bitcoin dropped to $28K, and the total crypto market cap fell to $1.24 trillion.

The setbacks began with Trump's policies, which seem to be backfiring one after another. From open support for meme coins like TRUMP, which remain largely unregulated, to his administration's actions, which ultimately led to the collapse of FTX.

The candidates for the Supreme Court faced months of hearings and scrutiny, but for the SEC Chair role, the confirmation process has been swift. Perhaps this is due to the urgency felt by the crypto industry, which is eager to see a leader who understands and supports the sector.

The threat of a complete shutdown isn't new. Back in March, a group of House Democrats proposed legislation that would ban crypto trading to fund political campaigns.

But the crypto market is still standing, though it's far from its peak. After reaching $109K in March 2023, Bitcoin dropped to $28K, and the total crypto market cap fell to $1.24 trillion.

The setbacks began with Trump's policies, which seem to be backfiring one after another. From open support for meme coins like TRUMP, which remain largely unregulated, to his administration's actions, which ultimately led to the collapse of FTX.