Get ready for a potential shake-up at the U.S. Securities and Exchange Commission (SEC)! It looks like Paul Atkins is on track to become the new chairman, and it could happen within days. According to journalist Eleanor Terrett, a significant vote is scheduled in the U.S. Senate that might just confirm him and see him take office before the week’s out.

SEC Set for New Leadership

Things are moving fast in the confirmation process! The Senate is planning a key cloture vote for Atkins on April 9th at 11:30 a.m. ET. This vote is a big deal, as it can really speed up the legislative process.

If it goes through successfully, Atkins could even face a final confirmation vote as early as 7:00 p.m. the same day. This quick timeline means we might see him step into his new role before the end of the week.

Right now, Mark Uyeda is at the helm of the SEC as acting chairman. Interestingly, during his time, the commission has seemed to lean towards a more crypto-friendly approach. We’ve seen this with the conclusion of the well-known Ripple lawsuit and a perceived easing up on the agency’s usually tough enforcement strategies.

However, once Atkins is confirmed, Uyeda’s time as acting chairman will conclude, and it will mark the beginning of a new era for SEC regulation.

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Will Paul Atkins Be a Game-Changer for Crypto?

Paul Atkins isn’t new to the SEC scene. He’s served as an SEC commissioner before and is known for championing policies that support innovation and financial expansion.

In contrast to someone like Gary Gensler, the former SEC figure known for his firm, enforcement-focused style, Atkins is generally viewed as being more favorable towards crypto.

One of the biggest areas of anticipation is what this means for crypto-based financial products. Could we finally see approvals for things people have been waiting for, like XRP, Sol, and Dogecoin ETFs?