Crypto-friendly Paul S. Atkins is now the SEC's new chairman. Will he approve spot ETFs for altcoins?
On April 21, the SEC announced that Paul S. Atkins has officially taken the oath as the 34th SEC chair.
Atkins has previously served as an SEC commissioner. He is known for his support of cryptocurrencies and has been involved in digital asset regulation reforms. He also holds some crypto assets. The market hopes his leadership will ease regulations and be more friendly toward cryptocurrencies.
According to Bloomberg ETF analyst Eric Balchunas, there are currently 72 spot ETFs for altcoins awaiting SEC review. These include XRP, SOL, LTC, DOGE, ADA, and AVAX. Whether Atkins will approve these ETFs is now a key focus for the market.
