Trump-nominated Paul Atkins is sworn in

Update: April 22 at 12:35 AM UTC: This story has been updated with more details on Paul Atkins’ sworn in.

Paul Atkins has been officially sworn in as the 34th chairman of the Securities and Exchange Commission.

The April 21 announcement came nearly two weeks after the April 9 confirmation of Atkins’ position with a 52-44 vote.

“I am honored by the trust and confidence of President Trump and the Senate President to lead the SEC,” said Atkins, who served as SEC commissioner between 2002 and 2008.

“When I return to the SEC, I am happy to work with my specialists and professionals in the agency to promote its mission of promoting capital formation; to maintain a fair, orderly and efficient market; to protect investors.”

“We will work together to ensure that the United States is the best and safest place to invest and do business in the world.”

Atkins is widely expected to lead a more crypto-enforced SEC than the former chairman of the Biden administration, Gary Gensler.

His confirmation was reportedly delayed due to several financial disclosures that needed to be made due to marrying a billionaire family.

Some of these financial disclosures reportedly include up to $6 million in cryptocurrency-related investments, including cryptocurrency anchoring digital and blockchain chain-chain platform securitization.

Atkins took over Acting Chairman Mark Uyeda, who helped the SEC establish a crypto task force in January to strengthen rapport between the committee and industry players.

The SEC also dismissed several crypto-investigation and enforcement actions taken by the SEC, led by Gensler in recent months, including cases involving Coinbase, Consensys, Gemini and Uniswap.

Related: Crypto Industry Has Experienced Regulatory Capture – Lawyers

Bloomberg reported on April 21 that the SEC, currently led by Atkins, has now applied for more than 70 cryptocurrency-related exchange funds to decide this year.

“From XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,” Bloomberg Social ETF analyst James Balchunas said in an X post.

“To be a wild year.”

Bloomberg ETF analyst James Seyffart said in February that the recent surge in Crypto ETF documents reflects the issuer’s “pasta cannon method” tested, which product said in February that new SEC leaders might approve.

“The issuer will try to launch a lot of different things and see what sticks are there,” Seyffart said.

Magazine: SEC’s turnaround on cryptocurrencies leaves key issues