The U.S. Securities and Exchange Commission (SEC) has voted to cease its legal defense of rules that mandated companies to disclose climate-related risks and greenhouse gas emissions. This decision marks a departure from the Biden administration's efforts to uphold these regulations. Senator Tim Scott has expressed support for the SEC's decision, framing it as beneficial for American workers and businesses. Additionally, Scott has secured a commitment from Paul Atkins, the SEC nominee, to ensure fair treatment of all industries, including digital assets, under the law. Atkins has indicated that establishing a robust regulatory framework for digital assets will be a top priority if confirmed as SEC Chair, potentially leading to a more favorable environment for cryptocurrency regulation in the U.S.