In a twist worthy of a meeting of the Guild of Bureaucrats, Paul Atkins—destined to reign supreme over the U.S. Securities and Exchange Commission (SEC)—is expected to triumphantly secure his official seat before the week falls off the edge of reality. Renowned parchment-wielder Eleanor Terrett has revealed that the hallowed halls of the U.S. Senate have an important vote lined up, poised to fast-track Atkins’ shining destiny. (No pressure, right? 😏)
Mark Uyeda counting days as SEC acting chairman
As Terrett whispers through the grapevine, our dear Senate has penciled in a cloture vote for 11:30 a.m. ET on April 9. A cloture vote is famously the legislative world’s equivalent of shouting, “Enough already—let’s wrap this up!”
Should the Senate unleash the legendary Cloak of Cloture (yes, it’s metaphorical… probably), Paul Atkins might face a full confirmation vote by 7:00 p.m.—proving that bureaucracy can move faster than a speeding snail, if thoroughly caffeinated. This path suggests he could ascend to the chairman’s throne in fewer than 48 hours. Cue dramatic drumroll… 🥁
🚨NEW: The Senate has scheduled a cloture vote for @SECGov Chair nominee Paul Atkins at 11:30AM tomorrow.
Voting on cloture is the next step towards his confirmation. If that vote succeeds, he could have a full confirmation vote as early as 7:00PM.
— Eleanor Terrett (@EleanorTerrett) April 9, 2025
In the interim, Mark Uyeda has graciously kept the chairman’s seat toasty as acting chair. During his watch, the Ripple lawsuit fizzled away like last week’s leftover fish, and an array of crypto-friendly gestures have kept the digital folks happy.
But once Paul Atkins arrives in full honking glory, Uyeda will presumably transform back into a pumpkin. Or perhaps he’ll just go on an extended coffee break. Hard to say. ☕
Is Paul Atkins good for crypto as SEC chair?
Industry oracles have sung Atkins’ praises, referencing his unwavering endorsement of crypto policies. As a former commissioner, he’s been known to be so pro-crypto that he’d probably send Satoshi Nakamoto a birthday card—if only he knew where to address it.
The crypto realm is tiptoeing away from Gary Gensler’s “regulation-by-fireball” approach. Industry bigwigs have spent many a sleepless night calling Gensler out, and they’re now slinging confetti at the idea of a more inclusive, less catapult-happy era for the next four years.
With the previous, er, “energized” crackdown strategy parked outside, many are crossing their digital fingers for new goodies like a Dogecoin ETF and other dazzling offerings under Atkins’ anticipated watch. Best keep your wands at the ready—magic may happen yet. ✨
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2025-04-09 12:09