#RiskRewardRatio The US Senate approved the appointment of Paul Atkins as chairman of the Securities and Exchange Commission (SEC), CoinDesk reports.

In this position, Atkins will replace Gary Gensler, who resigned on the day of Donald Trump's inauguration, January 20. Atkins was appointed to this position by Trump himself. Atkins will take office as head of the SEC after taking the oath.

The new head of the SEC is referred to as a crypto advocate. It is expected that under Atkins, the Commission will work on developing permanent standards for the regulation of digital assets.