Seeds of Wisdom RV and Economic Updates Thursday Morning 4-10-25

Good Morning Dinar Recaps,

JUST IN: SENATE CONFIRMS PAUL ATKINS AS SEC CHAIR, NEW ERA FOR CRYPTO?

In a 52-44 vote, the U.S. Senate has confirmed Paul Atkins as the next Chair of the Securities and Exchange Commission (SEC). The confirmation now heads to the White House, where President Donald Trump is expected to formally sign off on the appointment. Once that process is complete, Atkins will be officially sworn in. According Fox Business’ Eleanor Terrett, the timing for these next steps remains unclear.

Who Is Paul Atkins?

Paul Atkins is a seasoned financial regulator and former SEC commissioner who served under President George W. Bush. Known for his market-oriented approach, Atkins is respected across party lines and has also held senior roles under Democratic leadership, including under former SEC Chair Arthur Levitt. His nomination hints at a significant shift in regulatory direction under the Trump administration.

Atkins will replace outgoing Chair Gary Gensler, whose tenure was marked by a high-profile and often controversial crackdown on the crypto industry. Gensler faced both praise and criticism for an aggressive enforcement-first approach, especially in applying securities laws to digital assets.

A Turning Point for Crypto Policy?

Under the Biden administration, critics argued that the SEC’s enforcement-heavy stance stifled innovation and failed to offer a clear regulatory path forward. With Atkins at the helm, expectations are high that the SEC may pivot toward a more constructive, guidance-driven regulatory environment.

While details about Atkins’ policy plans remain to be seen, early signals suggest a shift toward fostering innovation while still enforcing accountability. Many in the industry are hopeful that the incoming SEC leadership will work toward creating a consistent, federally backed framework that balances growth and oversight.

@ Newshounds News™
Source:  Coinpedia

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TREASURY EYES REGULATORY RESET TO IGNITE BLOCKCHAIN AND PAYMENTS

Regulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assets, igniting America’s fintech dominance worldwide.

Regulatory Barriers on the Brink as Treasury Sparks Blockchain Shift

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers that he said have slowed innovation in blockchain, stablecoins, and modern payment technologies. His address emphasized aligning financial oversight with national interests while refocusing on economic growth. Bessent stated:

We will take a close look at regulatory impediments to blockchain, stablecoins, and new payment systems. And we will consider reforms to unleash awesome power of the American capital market.

“Americans deserve a financial services industry that works for all Americans, including and especially Main Street. Under President Trump’s leadership the Treasury Department and I will deliver that to you,”  Bessent added.

Bessent criticized current regulatory approaches as outdated and skewed toward global frameworks, particularly the Basel Committee’s capital standards, which he claimed are “not in my opinion the right starting point for a modernization effort.” 

He called for a U.S.-first model built from “the ground up,” emphasizing that decisions impacting domestic financial innovation should not be shaped by international bodies lacking transparency. 

His remarks suggested that this shift could help level the playing field between banks and nonbank financial innovators, a move that would give rise to broader adoption of technologies like digital assets and tokenized payment networks.

In line with that vision, Bessent confirmed that the Treasury would also review capital rules that currently disincentivize investment in innovation. He further pledged to modernize anti-money laundering and compliance rules to allow financial institutions to focus on “national security priorities and high-risk areas,” giving them leeway to deprioritize lower-risk activities.

While pushing for reform, Bessent framed the administration’s approach as supportive of small-town lenders and consumers:

Americans deserve a financial services industry that works for all Americans.

His remarks position the Treasury to potentially spearhead new regulatory frameworks aimed at fostering both financial safety and cutting-edge innovation.

President Donald Trump has strengthened his pro-cryptocurrency position by ordering the creation of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, using roughly 200,000 BTC seized in legal cases to support national economic interests.

At the same time, the U.S. Department of Justice (DOJ) disbanded its National Cryptocurrency Enforcement Team, indicating a shift from enforcement to industry support. The moves reflect the administration’s aim to make the U.S. a global crypto leader.

@ Newshounds News™
Source:  Bitcoin News

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