Since Paul Atkins was sworn in as chair of the US Securities and Exchange Commission (SEC) on April 21, 2025, the agency has significantly changed its position on regulation and enforcement related to digital assets, marking a shift from the leadership of former chair Gary Gensler during the Biden administration.

During his 2024 presidential campaign, Donald Trump made removing Gensler one of his promises to the crypto industry, along with creating a national Bitcoin BTCUSD stockpile and opposing the issuance of a US central bank digital currency.

His November 2024 election win led to Gensler’s resignation in January 2025 and the appointment of SEC commissioner Mark Uyeda as acting chair of the financial regulator until the Senate could…