Tonight, the Senate confirmed Paul Atkins as the new Chairman of the Securities and Exchange Commission (SEC). Tim Scott, the Chairman of the Senate Banking Committee, expressed his support, saying, “Paul Atkins brings a wealth of experience and dedication to safeguarding our capital markets.”
Scott further elaborated on Atkins’ expected impact on the SEC, stating, “His tenure will mark a pivotal moment to roll back harmful Biden-era policies, promote capital formation, and enhance opportunities for retail investors. Chairman Atkins will also provide regulatory clarity for digital assets, allowing American innovation to flourish, and ensuring we remain competitive on the global stage.” Scott concluded by expressing his enthusiasm for future collaboration, “I look forward to collaborating with Chairman Atkins to reignite our capital markets, which are vital for economic growth, job creation, and innovation.”
The confirmation follows Scott’s meeting with Atkins after his nomination and his successful advancement of Atkins’ nomination through the Senate Banking Committee. During the nominations hearing, Scott praised Atkins for his long-standing career in financial regulation and his commitment to maintaining the U.S. capital markets as leaders worldwide.
