#StaySAFU The U.S. Senate has approved the appointment of Paul Atkins as the Chairman of the Securities and Exchange Commission (SEC), reports CoinDesk.

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

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