SEC Chair Paul Atkins Says U.S. Government Gives Bitcoin Official Stamp of Approval as Public Companies Buy Billions

Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), stated on CNBC that the U.S. government has officially given Bitcoin and cryptocurrency its "stamp of approval." Atkins highlighted that this marks a shift from previous regulatory stances, referencing a different era under former SEC Chair Gary Gensler. He expressed encouragement over the growing trend of public companies purchasing billions of dollars worth of Bitcoin, describing the market's embrace of innovation as positive. Atkins emphasized that the adoption of Bitcoin and other cryptocurrencies as treasury reserve assets by public companies is a notable development in the financial sector.