Paul Atkins My Role as SEC Chairman Will Be to Build a Solid Foundation for Digital Assets
Paul Atkins, Trump’s nominee for SEC chairman, said his first priority when he takes office will be to create a “reasonable, consistent and principled” regulatory framework for digital assets. Atkins emphasized that he would manage this process by working with both Congress and other commissioners. He also stated that the previous administration’s harsh enforcement approach will be avoided, and investors should be protected by well-designed regulations.
SEC Chairman Candidate Paul Atkins Has $6 Million in Crypto-Linked Assets
According to Fortune, Paul Atkins has $1 million in equity in crypto companies such as Anchorage Digital and Securitize, plus up to $5 million through Off the Chain Capital. These investments include private stakes in major companies such as Digital Currency Group and Kraken.
US Government Transfers 97 BTC and 884 ETH to Sae-Heng Scam
According to on-chain data, the US government transferred 97,336 BTC and 884.33 ETH from seized funds belonging to the Sae-Heng fraud case to other addresses. The funds are associated with “pig butchering” type scams run through the Binance account. The transaction took place on the morning of March 28, Beijing time.
SEC Terminated Without Sanction
The SEC concluded its investigation into Crypto.com without any enforcement action. The exchange had previously taken the agency to court in a proactive move after receiving a Wells notice from the SEC. However, the case was withdrawn after the Trump administration nominated crypto-friendly Atkins for SEC chairmanship.
USDC Treasury Mint 50 Million New USDCs on Ethereum
According to Whale Alert data, USDC Treasury, the issuer of USDC, minted $50 million worth of new USDC on the Ethereum network. This step increased the supply of stablecoins in circulation. At the same time, USDC usage is expected to expand with the increase in liquidity.
Ethereum Test Network Pectra May Go Mainnet on April 30
Ethereum’s core developer Terence announced that the test network Pectra is scheduled to go mainnet on April 30, 2025. The developer said that final approval will come after some remaining minor issues are resolved. This update aims to deliver significant improvements to Ethereum’s infrastructure.
EU limits fines on Apple and Meta to avoid angering Trump
According to the Financial Times, the European Commission will deliberately keep the fines against Apple and Meta under the Digital Markets Act low. The reason for this was stated as avoiding diplomatic tensions with the Trump administration. Although it was stated that the fines could be as high as 10% given the companies’ global turnover of trillions of dollars, officials stated that this threshold will be kept below this threshold
Net Inflows to Bitcoin Spot ETFs Continued on Day 10: $89 Million
Bitcoin spot ETFs saw net inflows of $89.06 million on March 27. Fidelity’s FBTC fund was the biggest contributor with $97.13 million. In contrast, Invesco-Galaxy’s BTCO fund experienced a net outflow of $6.95 million, bringing its total net asset value to $98.2 billion.
Ethereum Spot ETFs experienced net outflows of $4.2 million yesterday
Ethereum spot ETFs saw net outflows totaling $4.21 million as of March 27. VanEck’s ETHV fund saw outflows of $2.2 million, while Fidelity’s FETH fund saw outflows of $2 million. This indicates a continuation of the outflow trend that has lasted for several days in a row.
by Darkex Research – 1 min read
