US Securities and Exchange Commission member Hester Peirce, currently leading the agency\u2019s crypto task force, offered a preview of what the industry could expect now that Paul Atkins has been sworn in as the regulatory body\u2019s chairman. Speaking to Cointelegraph before the US Senate confirmed Atkins\u2019 nomination and he took his position as SEC chair, Peirce said she welcomed the opportunity to work again with the incoming agency leader. Peirce worked as Atkins\u2019 counsel from 2004 to 2008 during the then-commissioner\u2019s first term at the SEC. \u201cHe cares about economic growth and how the markets that we regulate can support economic growth,\u201d Peirce told Cointelegraph. \u201cI would love the chance to work with [Atkins] on trying to reorient the agency so that it does take into consideration all aspects of our mission.\u201d Atkins, appointed by US President Donald Trump in what many saw as a nod to the crypto industry to replace former chair Gary Gensler, was sworn in on April 21. During his confirmation hearing in the Senate Banking Committee, lawmakers questioned Atkins on his ties to the crypto industry, potentially presenting conflicts of interest in his role helping regulate digital assets. \u201cI expect that he will continue to follow the ethics rules,\u201d said Peirce on Atkins. \u201cI worked for [him] and I have very high regard for his integrity.\u201d Atkins, now chair, comes to the SEC as the fourth commissioner, with five members typically filling the agency\u2019s leadership positions. Gensler and former Commissioner Jaime Liz\u00e1rraga stepped down in January. Commissioner Caroline Crenshaw is expected to be the next to depart before 2026, leaving a panel of only three Republican commissioners unless Trump nominates a Democrat. Commissioner Mark Uyeda, whom Trump named as acting chair on Jan. 20, was still scheduled to oversee some of the SEC\u2019s proceedings, including an April 25 roundtable event discussing crypto custody. Uyeda said on April 21 that he was planning to return to his \u201cregular role\u201d as a commissioner, suggesting that Atkins may soon assume all his responsibilities as chair. The shakeup in leadership comes amid many in the industry looking for clarity from the SEC, the courts, and lawmakers after Gensler\u2019s departure. Under the former chair, many accused the SEC of enacting a \u201cregulation by enforcement\u201d approach to crypto, resulting in several high-profile lawsuits against firms including Coinbase, Ripple Labs, and Binance. Since January, the commission has dropped many of the cases. \u201cI think we\u2019re all trying to get to a good place, which is putting some clarity around crypto, some regulatory clarity,\u201d said Peirce.<\/p>\n","protected":false},"excerpt":{"rendered":"
US Securities and Exchange Commission member Hester Peirce, currently leading the agency\u2019s crypto task force, offered a preview of what the industry could expect now that Paul Atkins has been sworn in as the regulatory body\u2019s chairman. Speaking to Cointelegraph before the US Senate confirmed Atkins\u2019 nomination and he took his position as SEC chair, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/105275"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=105275"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/105275\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=105275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=105275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=105275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}