The U.S. Senate Committee on Banking, Housing and Urban Affairs issued a statement from Chairman Tim Scott after the Senate voted to confirm Paul Atkins as the next Chairman of the Securities and Exchange Commission. Scott said he expects Atkins’ tenure to include rolling back “Biden-era policies”, promoting capital formation, and expanding opportunities for retail investors, and that Atkins will provide regulatory clarity for digital assets. The release also notes that Scott met with Atkins following the nomination, raised Atkins’ experience during the committee’s nominations hearing, and advanced the nomination out of the committee the prior week.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-04-09
U.S. Senate Committee on Banking, Housing and Urban Affairs welcomes Paul Atkins’ confirmation as Securities and Exchange Commission Chair
The U.S. Senate Committee on Banking, Housing and Urban Affairs confirmed Paul Atkins as the new Chairman of the Securities and Exchange Commission. Chairman Tim Scott anticipates Atkins will focus on reversing "Biden-era policies," enhancing capital formation, expanding retail investor opportunities, and clarifying digital asset regulations.