Paul Atkins / Patomak
see gensler
AI Overview
Since his inauguration in January 2025, President Donald Trump has appointed a new chairman and an acting chairman to lead the Securities and Exchange Commission (SEC), bringing a marked shift toward a deregulatory, pro-business agenda
.
Current and former SEC leaders
Paul S. Atkins, Chairman
- Current Chairman: Paul S. Atkins was sworn in on April 21, 2025, after being nominated by Trump and confirmed by the Senate.
- Background: Atkins previously served as an SEC commissioner from 2002 to 2008 and is known for his advocacy of lower regulatory burdens and clear rules, particularly for the cryptocurrency and digital assets industry.
Mark T. Uyeda, Acting Chairman
- Former Acting Chairman: Prior to Atkins's confirmation, Mark T. Uyeda served as Acting SEC Chair from January 20, 2025, to April 21, 2025.
- Impact: During his brief tenure, Uyeda initiated changes that began reversing Biden-era regulatory actions and signaled a new direction for the agency.
Gary Gensler, Former Chairman
- Predecessor: Gary Gensler, a Biden appointee, served as SEC Chair from April 2021 to January 2025. He was known for his aggressive enforcement and rulemaking agenda.
Policy shifts under the new administration
Under Trump's appointments, the SEC is shifting its priorities toward market innovation and away from the extensive enforcement and regulation seen during the previous administration. Key policy shifts include:
- Crypto regulation: The SEC, now led by Atkins (a supporter of cryptocurrencies), is moving away from an "enforcement-first" approach and prioritizing the establishment of a clearer regulatory framework for the digital asset space.
- Enforcement: Enforcement is expected to refocus on more traditional areas, such as protecting retail investors from fraud, rather than testing the agency's authority on newer issues.
- Regulatory rollback: The agency has already taken steps to rescind or amend some rules introduced during the Biden administration, including climate disclosure rules.
- Shareholder proposals: The SEC has made it easier for companies to exclude certain environmental and social shareholder proposals from proxy statements.
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paul S. Atkins is an American businessman who has served as chair of the U.S. Securities and Exchange Commission (SEC) since April 2025.[1] Atkins also previously served as a commissioner at the SEC from 2002 to 2008.[2] Known for advocating reduced regulatory burdens and promoting financial innovation, Atkins has been a vocal supporter of free-market principles in regulatory policy.[3][4]
Early life and education
Originally from Lillington, North Carolina, Atkins grew up in Tampa, Florida.[5] He received his A.B. from Wofford College in 1980 and was a member of Phi Beta Kappa[6] and Kappa Alpha Order.
Atkins received his J.D. from Vanderbilt University School of Law in 1983 and was Senior Student Writing Editor of the Vanderbilt Law Review.[5]
Career
Atkins began his career as a lawyer in New York City with Davis Polk & Wardwell, focusing on a wide range of corporate transactions for U.S. and foreign clients, including public and private securities offerings and mergers and acquisitions. He worked in the Paris office for two and a half years, and in 1988 was admitted to provide legal advice in France.[6]
Before his appointment as commissioner, Atkins assisted financial services firms in improving their compliance with SEC regulations and worked with law enforcement agencies to investigate and rectify situations where investors had been harmed. Most prominent among these situations was Bennett Funding Group, Inc., a $1 billion leasing company that perpetrated the then-largest "Ponzi" fraud to date in U.S. history. More than 20,000 investors lost much of their investment. Assisting the company's court-appointed bankruptcy trustee, Atkins served as crisis president of Bennett's sole surviving subsidiary, according to his SEC biography. By stabilizing its finances and operations and rebuilding and expanding its business, he improved its share value for the remaining investors by almost 2000%.
From 1990 to 1994, Atkins served on the staff of two former chairmen of the SEC, Richard C. Breeden and Arthur Levitt. Under Chairman Breeden, he assisted in efforts to improve regulations regarding corporate governance, enhance shareholder communications, strengthen management accountability through proxy reform, and decrease barriers to entry for small businesses and middle market companies to the capital markets. Under Chairman Levitt, he was responsible for organizing the SEC's individual investor program, including the first investor town hall meetings, and an SEC consumer affairs advisory committee.
Atkins was a commissioner of the U.S. Securities and Exchange Commission (SEC) from July 9, 2002 until his term's completion in August 2008.[5] He served with chairmen Harvey Pitt, William H. Donaldson, and Christopher Cox.
In 2009, Atkins founded Patomak Global Partners, a financial services firm specializing in regulatory compliance and whose clients would come to include Fidelity Investments, Goldman Sachs, and the US Chamber of Commerce.[7]
In December 2016, Atkins joined a business forum assembled by President-elect Trump to provide strategic and policy advice on economic issues.[8]
Atkins was co-chair of the Token Alliance, a cryptocurrency advocacy group for the Chamber of Digital Commerce.[2] He also served on the advisory board of Securitize, Inc., a cryptocurrency firm.[7]
In December 2024, Atkins was nominated by President-elect Trump to be chairman of the Securities and Exchange Commission. He was sworn in on April 21, 2025.[1]
In July 2025, Atkins sold his stake in Patomak Global Partners to an undisclosed buyer for between $25 million and $50 million.[7]
Personal life
Atkins has three sons with his wife Sarah Humphreys Atkins,[5][9] who is a major Republican donor.[10] As of 2025, their combined net worth is estimated to be $327 million.[7]