Peirce signals “realignment” of the SEC under Paul Atkins
Hester Peirce, member of the US stock exchange supervision, which is currently heading the authority's crypto-actce, gave an outlook on what the industry can expect after the swearing-in of Paul Atkins as chairman of the supervisory authority.
In conversation with CoinTelegraph, before the US Senate confirmed Atkin's nomination and he was his office as SEC chairman competedPeirce said, she greets the opportunity to work with the new head of the authority again. Peirce worked from 2004 to 2008 during the first term of the then commissioner at the SEC as a legal advisor of Atkins.
“He is concerned with economic growth and how the markets we regulate can support economic growth,” Peirce told CoinTelegraph. “I would like to work with (Atkins) to re -host the authority that it takes into account all aspects of our task.”
Atkins, who was appointed by US President Donald Trump as the successor to the former chairman Gary Gensler, was sworn in on April 21, which many understood as a hint to the crypto industry. During his confirmation hearing in the Senate Banking Committee questioned The legislators of Atkins to his connections to the crypto industry, which could possibly lead to conflicts of interest in his role in regulating digital assets.
“I expect to continue to stick to the ethical rules,” said Peirce about Atkins. “I worked for him and I really appreciate his integrity.”
Priorities of the SEC under new leadership
Atkins, who is now the chair, comes to the second commissioner, where five members normally fill the management positions of the authority. Gensler and former commissioner Jaime Lizárraga resigned in January. Commissioner Caroline Crenshaw will be the next that will be leaving before 2026, so that the committee only consists of three Republican commissioners, provided that Trump does not nominate a democrat.
Commissioner Mark Uyeda, whom Trump had appointed the incumbent chair on January 20, should still supervise some of the SEC proceduresincluding an event on April 25, which deals with crypto depots. Uyeda said On April 21, he is planning to return to his “regular role” as a commissioner, which indicates that Atkins could soon take on all of his tasks as chairman.
The change in leadership comes at a time when many people in the industry await clarity from the SEC, the courts and the legislators after Gensler's departure. Many accused the SEC under Gensler a “regulation through enforcement” for cryptocurrencies, which led to several much -noticed complaints against companies such as Coinbase, Ripple Labs and Binance. The Commission has dropped many of the cases since January.
“I think we are all trying to achieve a good goal, namely to create clarity in relation to the regulation of cryptocurrencies,” said Peirce.
