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Paul Atkins is the 34th chairman of the US Securities and Exchange Commission (SEC) after being officially sworn in.
Atkins’ position was confirmed in a 52-44 US Senate vote on April 9, according to an April 21 announcement.
“I am honored by the trust and confidence President Trump and the Senate have placed in me to lead the SEC,” Atkins said. ”Together we will work to ensure that the US is the best and most secure place in the world to invest and do business.”
Paul Atkins Expected To Lead More Crypto-Friendly SEC Than Gary Gensler
Atkins, who was nominated as SEC chair by Trump himself, is expected to lead a more crypto-friendly SEC than former anti-crypto chair Gary Gensler.
Recent financial disclosures reportedly showed Atkins has up to $6 million in crypto-related investments. Some of these investments include in custody platform Anchorage Digital and Securitize, a blockchain tokenization platform.
After being sworn in, Atkins will now take over from acting SEC chair Mark Uyeda, who helped establish a Crypto Task Force within the SEC.
The division aims to strengthen the relationship between the SEC and leading crypto industry players.
Under the Trump administration, the SEC has already dropped a number of high profile crypto cases, including against Coinbase, Consensys, Gemini and Uniswap.
RSR Token Surges After Coinbase Listing
Prior to being sworn in as SEC chair, Atkins had advised multiple Web3 and blockchain firms.
One of those firms was Reserve Protocol. Atkins advised the firm in 2019 when it launched its stablecoin, but is no longer a consultant, according to the company’s CEO Nevin Freeman.
Reserve Protocol recently scored a Coinbase listing for its governance token Reserve Rights (RSR). The leading US crypto exchange announced in an April 21 X post that it will add the token to its layer-2 network, Base. Trading for the token will also begin “on or after 9AM PT on 22 April,” the post read.
Trading will begin on or after 9AM PT on 22 April, 2025 if liquidity conditions are met. Once sufficient supply of this asset is established trading on our RSR-USD trading pair will launch in phases. Support for RSR may be restricted in some supported jurisdictions.
— Coinbase Assets 🛡️ (@CoinbaseAssets) April 21, 2025
RSR’s price surged over 13% after the announcement, CoinGecko data shows.
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