There are nominations that go unnoticed, like these eclipses that we lack for lack of looking up at the right time. And then there are those, like that of Paul Atkins at the head of the dry, which make the cogs of power cringe, shudder the markets and frow some eyebrows on the regulatory side. A change of CAP under the bottom of crypto tensions. Welcome behind the scenes of a turn which could well rebatter the cards of American financial regulation.
A new dry face: Atkins, the alternative to peopleler?
On April 3, in the cozy atmosphere of the Dirksen Office Building, Paul Atkins has taken a decisive stage: The Senate banking committee validated it 13 votes against 11. This name has not randomly fell from the presixental hat: it embodies A vision very different from that of Gary Genslerits feared predecessor in the crypto industry for its stick policy, more than carrot, a change hailed by the cryptos industry.
Tim Scott praised the appointment as a promise of “Clarity” for digital assets. A word that makes you dream in a sector often mired in legal meanders.
But for Elizabeth Warren, Atkins would rather be sesame for “billionaire crooks”, like Bankman-Fried or Elon Musk. Just that.
While some savor this new breathothers are already worried. Mark Uyeda, appointed interim president after the express departure of peopleler on January 20 (right day of Trump's inauguration), discreetly abandoned several proceedings Against crypto companies … some of which are close to the presidential circle, such as Ripple Labs.
The decor is planted, the cards redistributed, and certain well -known faces – Musk in mind – would now have access to internal dry systems. A small silent revolution.
- Appointment validated narrowly by 13 votes against 11 in the Senate;
- Tim Scott promises more readability for cryptocurrency under Atkins;
- Elizabeth Warren denounces support for the most controversial crypto elites;
- The dry abandons emblematic proceedings like that of Ripple Labs;
- Relatives of Trump and Musk would now have access to internal dry systems.
Stablecoins and conflicts of interest: the spectrum of World Liberty Financial
But the story does not stop at a simple transfer of power. It continues in the corridors of the Office of the Comptroller of the Currency (OC), where The USD1 projecta stablecoin emitted by World Liberty Financial (WLFI)-The crypto-firm backed by the Trump family-causes a lot of ink and mount a few arterial tensions.
In a letter addressed at the end of March, several senators expressed their fears of seeing Trump interfere directly in the regulation of the project.
What if the OCC, pushed in the back by the White House, ended up facilitating the launch of this stable-free without safeguards? The fear of a world where regulators become customers for private interests takes shape.
Cornerbase is not to be outdone. The company, Coactionary of USDC, clearly suggested thatShe would dismiss Tether If a law on stablecoins were to be voted in current terms.
A posture which, for Nic Carter, recalls the Manigances of SBF: ” Regulatory capture is a poison He says.
And then there is this sentence from George Selgin, researcher at the Cato Institute, who resonates as a warning:
It doesn't matter who captures who: if regulation harms the general interest, then it is problematic.
- The Trump family stablecoin worries the American senators;
- Risks of Trump's interference in the decisions of the WOID pointed out in an official letter;
- Coinbase suspected of wanting to eliminate Tether via tailor-made regulation;
- L'regulatory capture accusation is strengthened at the heart of political decisions;
- Voices call to create an independent body to monitor regulators.
The American crypto world seems to have found its new narrator … and he is not a dreamer. Paul Atkins, with his business-friendly profile and proximity to polarizing figures, begins a more conciliatory-or more permissive-era for digital assets. But between political ambitions, influence games and quarrels around stablecoins, the dry could well become a mined land.
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