US Securities and Exchange Commission member Hester Peirce, who is currently leading the agency’s Crypto Task Force, has offered a preview of what the industry today is expecting that Paul Atkins has sworn in as chairman of the body’s regulation.
Talking to Cointelegraph before the US Senate confirmed Atkins’ nomination and he took his position As a SEC chair, Peirce said he accepted the opportunity to work again with the incoming agency. Peirce worked as the Atkins’ advice from 2004 to 2008 during the commissioner’s first term in Sec.
“He cares about economic growth and how the markets we control can support economic growth,” Peirce told Cointelegraph. “I wish I had the opportunity for (Atkins) to work in an effort to re -consider the agency to consider all the aspects of our mission.”
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Related: Atkins becomes the next SEC Chair: What’s next for the crypto industry
The Atkins, the US president Donald Trump appointed what was seen as a nod to the crypto industry to replace former chairman Gary Gensler, swore on April 21. During his hearing on confirmation with the Senate Banking Committee, the lawmakers Atkins asked in his relationship In the crypto industry, which potentially presents conflicts of interest in its role that help regulate digital ownership.
“I hope he will continue to follow the ethical policies,” Peirce told Atkins. “I worked for (with him) and I was very highly regarded by his integrity.”
SEC priorities under new leadership
The Atkins, now chairman, came to the SEC as a fourth commissioner, with five members typically filling the agency’s leadership positions. Gensler and former commissioner Jaime Lizárraga dropped in January. Commissioner Caroline Crenshaw is expected to leave before 2026, leaving a panel of three Republican Commissioners unless Trump has appointed a Democrat.
Commissioner Mark Uyeda, named Trump as acting chair on January 20, is still scheduled Watch some of the SEC proceedingsIncludes an April 25 event that discussing the Crypto’s caution. Uyeda Says On April 21 he was planning to return to his “regular role” as a commissioner, suggesting that Atkins could immediately assume all his responsibilities as a seat.
The leadership is in the middle of the industry looking for clarity from the SEC, the courts, and lawmakers after Gensler’s departure. Under the former seat, many have accused the SEC to produce a “regulation by implementing” crypto approach, resulting in many high-profile suits against companies including Coinbase, Ripple Labs, and Binance. Since January, the commission has dropped many of the cases.
“I think we’re all trying to get to a nice place, which puts clarity around the crypto, some clarity of regulation,” Peirce said.
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
