Paul Atkins, if approved by the U.S. Senate, will serve two consecutive terms as an SEC commissioner, taking over from former Chair Gary Gensler’s unfinished term ending in June 2026 and continuing through another term ending in 2031

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Lawmakers on the US Senate Banking Committee voted to advance the nomination of Paul Atkins to be chair of the Securities and Exchange Commission (SEC), paving the way for a full floor vote in the chamber. In an April 3 executive session of the banking committee, lawmakers voted 13-11 for Atkins to serve two consecutive terms as an SEC commissioner, taking over former Chair Gary Gensler’s term ending in June 2026 and another term ending in 2031

Paul Atkins, a former SEC commissioner, will promote capital formation and provide much needed clarity for digital assets," said Senate Banking Committee Chair Tim Scott, R-S.C. "Under his leadership, the SEC will return to its core mission and will ensure our markets remain the envy of the world."