Paul Atkins was sworn in as chair of the U.S. Securities and Exchange Commission (SEC) on April 21, 2025, marking a notable shift in the agency’s posture toward digital assets. After years in which enforcement actions and civil suits defined the crypto regulation playbook, observers note a move toward policy-driven governance and greater regulatory clarity under Atkins’ leadership.

Political momentum surrounding crypto regulation shaped the landscape in the lead-up to and during Atkins’ tenure. During his 2024 presidential campaign, Donald Trump pledged to replace SEC leadership, pursue a national Bitcoin stockpile, and oppose a U.S. central bank digital currency. Following Trump’s November 2024 victory, Gary Gensler resigned…