Hester Peirce, member of the United States Securities and Exchanges Commission, currently leading the agency’s crypto working group, has offered an overview of what industry could expect now that Paul Atkins was sworn in as president of the regulatory organization.
Addressing Cointelegraph before the American Senate confirmed the appointment of Atkins and he took his position as president of the SEC, Peirce said that she had welcomed the opportunity to work again with the leader of the incoming agency. Peirce worked as a lawyer for Atkins from 2004 to 2008 during the first mandate at the SEC Commission.
“It cares about economic growth and how the markets we regulate can support economic growth,” Peircelegraph told Cointelegraph. “I would like to have the chance to work with [Atkins] By trying to redirect the agency so that it takes into account all aspects of our mission. »»
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In relation: Atkins becomes next president: what is the next step for the cryptography industry
Atkins, appointed by US President Donald Trump in what many have seen as a nod to the cryptography industry to replace former President Gary Gensler, was sworn in on April 21. During its confirmation audience within the Senate banks committee, legislators interviewed Atkins on its links with the cryptographic industry, potentially presenting conflicts of interest for its role helping to settle digital assets.
“I expect he continues to follow the rules of ethics,” said Peirce on Atkins. “I worked for [him] And I have a very high esteem for its integrity. »»
Dry priorities under new leadership
Atkins, now president, comes to the dry as the fourth commissioner, with five members generally fulfilling management positions of the agency. Gensler and former Commissioner Jaime Lizárraga resigned in January. Commissioner Caroline Crenshaw should be as follows before 2026, leaving only a panel of only three Republican commissioners unless Trump appoints a democrat.
Commissioner Mark Uyeda, whom Trump appointed acting president on January 20, was still to supervise some of the dry procedures, including a round table of April 25 discussing police custody. Uyeda declared on April 21 that he planned to return to his “regular role” as a commissioner, suggesting that ATKINS could soon assume all his responsibilities as president.
The reshuffle of leadership comes in the midst of numerous members of the industry in search of clarity of the dry, the courts and the legislators after the departure of peopleler. Under the former president, many accused the dry of promulgating an “application regulation” approach to the crypto, which led to several high -level legal proceedings against companies such as Coinbase, Ripple Labs and Binance. Since January, the Commission has abandoned many cases.
“I think we are all trying to go to a good place, which puts clarity around the crypto, a certain regulatory clarity,” said Peirce.
Review: The U-turn of the dry on the crypto leaves key questions unanswered
