$BTC

This legislative change could be a turning point for the bitcoin sector. The SEC has faced criticism for its strict cryptocurrency regulation under Gensler, which has stifled innovation and created uncertainty in the market.

The arrival of pro-crypto Atkins may signal a new era of better regulatory conditions.

Atkins' position could allow asset managers to launch altcoin ETFs to increase exposure to XRP, Cardano, and Solana.