PANews reported on April 22 that according to CoinDesk, Paul Atkins was sworn in as the chairman of the U.S. Securities and Exchange Commission (SEC), and the formal handover of Gary Gensler's leadership is now complete. Atkins has worked with digital asset companies and is expected to continue the interim leadership's reversal of the U.S. SEC's previous resistance to cryptocurrencies. Atkins said he was honored by Trump and the U.S. Senate's "trust and confidence" in him and was happy to start work with other commissioners.

Atkins was approved by the Senate earlier this month as President Trump's nominee. Previously, he served as a member of the U.S. Securities and Exchange Commission and ran a Washington consulting firm focusing on compliance and policy affairs. In addition to his Wall Street connections, Atkins also serves as a consultant to cryptocurrency companies.