SEC Chair Paul Atkins Criticizes Gensler Era, Vows Full Support for Trump’s Pro-Crypto Vision
Newly appointed SEC Chair Paul Atkins delivered his first major address today — and he didn’t hold back. Speaking from SEC headquarters in Washington, Atkins strongly criticized the previous administration's approach to crypto, blaming former Chair Gary Gensler for "stifling innovation" and creating regulatory uncertainty that harmed the U.S. digital asset industry.
Atkins made it clear that he stands at the direct opposite of Federal Reserve Chair Jerome Powell on how innovation should be treated. While Powell often emphasizes caution and tight regulatory oversight, Atkins is taking a pro-growth, pro-crypto stance, aligning himself closely with President Trump's renewed push for blockchain leadership.
"We must provide market participants with clear, rational rules of the road," Atkins said. "Crypto innovation was unfortunately held back for years — but that era is over."
He also expressed strong support for Hester Peirce, often dubbed "Crypto Mom," crediting her leadership in driving the SEC’s recent pro-crypto shift, including dropping major lawsuits and issuing exemptions for mining, stablecoins, and memecoins.
Atkins pledged full commitment to establishing a "fit-for-purpose regulatory framework" that would encourage innovation, reduce costs, enhance transparency, and deliver major efficiency gains to U.S. markets.
He closed by reaffirming his alignment with President Trump's vision, stating:
"I fully support President Trump’s efforts to make America the global leader in digital assets. Crypto will no longer be treated as a threat, but as a powerful tool for financial freedom, economic growth, and national competitiveness."
Atkins' appointment signals a major turning point for U.S. crypto policy — and a clear divergence from the Powell-era regulatory philosophy.
