Ripple CEO Praises Paul Atkins’ Appointment as SEC Chair  

• Ripple CEO Brad Garlinghouse praises Paul Atkins’ appointment as SEC Chair, emphasizing his potential to bring “common sense” to regulations.  
• Crypto advocates expect significant policy changes under Atkins, departing from Gary Gensler’s strict anti-crypto approach.  
• Atkins’ selection gains endorsements from key figures like Hester Peirce, boosting optimism in the crypto industry for fair regulations.  

Paul Atkins, former SEC Commissioner, has officially been appointed to lead the agency. Ripple CEO Brad Garlinghouse welcomed the decision, describing Atkins as an “outstanding choice” and expressing confidence in his ability to restore fairness and common sense to regulatory policies.  

Garlinghouse’s sentiments are echoed by the broader cryptocurrency community, which has long sought regulatory clarity. This marks a significant shift from the tenure of outgoing SEC Chair Gary Gensler, whose aggressive anti-crypto stance drew criticism from industry leaders.  

A Pro-Crypto Shift at the SEC

The appointment of Atkins is anticipated to bring a markedly different approach to the SEC’s policies on digital assets. Stuart Alderoty, Ripple’s Chief Legal Officer, noted that Atkins, alongside pro-crypto commissioners Hester Peirce and Mark Uyeda, could foster a balanced framework that prioritizes investor protection while supporting innovation.  

Hester Peirce, often called “Crypto Mom” for her supportive stance on digital currencies, expressed her enthusiasm for Atkins’ return to the SEC. She highlighted his leadership qualities, gained during his earlier tenure at the agency, as ideal for this role.  

Gary Gensler to Depart in January  

Gary Gensler’s tenure at the SEC has been marked by heightened scrutiny of the crypto industry, with several high-profile lawsuits against major blockchain firms. His departure, scheduled for January 20, signals a potential end to what many in the crypto space have viewed as a “chokehold” on innovation.  

Cathie Wood, CEO of Ark Invest, shared her optimism, believing that Atkins will help liberate digital assets from restrictive oversight. Industry voices also expect a more collaborative approach between the SEC and blockchain developers under his leadership.  

Industry Leaders Anticipate a New Era 

Jake Chervinsky, Chief Legal Officer at Variant, called the transition “a regulatory singularity,” signaling the beginning of a new era for cryptocurrency regulation. With Atkins at the helm, the industry hopes for clearer guidelines that foster growth while ensuring accountability.  

This development has brought a wave of optimism across the crypto landscape, with leaders emphasizing the importance of collaboration and balanced governance. As Atkins prepares to assume office, the industry is closely watching for early signs of policy shifts that could redefine its future.