What impact will Paul Atkins' appointment as the next SEC Chairman have on the cryptocurrency market?

Former Securities and Exchange Commission (SEC) Commissioner Paul Atkins has emerged as a possible candidate for the next SEC Chairman under the Trump Administration, drawing attention in the cryptocurrency market to his possible appointment.
He is well known for his support of crypto assets and fintech innovation, and is expected to have a major impact on the market as SEC policy changes.
If Atkins were to accept the position, cryptocurrency regulations would likely be relaxed and clearer guidelines would be put in place.
This is expected to ease market uncertainty, encourage participation from institutional investors, and accelerate the growth of the cryptocurrency market. In particular, projects that have shrunk in the past due to strict regulations are expected to grow.
It is believed that an environment in which cryptocurrency can be revitalized will be created. Bitcoin (BTC) Bitcoin is the representative coin in the cryptocurrency market and is likely to be a direct beneficiary of deregulation and an influx of institutional investment.
▽ Ethereum (ETH) As the leading platform for smart contract and DApp development, regulatory clarity will help expand the Ethereum ecosystem and drive up the value of ETH.
Ripple (XRP) The SEC lawsuit has caused market uncertainty, but if former Commissioner Atkins, known as a cryptocurrency advocate, becomes SEC chairman,
This is likely to have a positive impact on Ripple. In fact, XRP has risen 27% in a short period of time since the SEC chairman was replaced. If former Commissioner Atkins becomes the SEC chairman, cryptocurrency-related ETFs
The approval process for Bitcoin spot ETFs is expected to accelerate significantly. In particular, major products such as Bitcoin spot ETFs are likely to be approved within the first half of 2025, improving access to investment.
This is expected to improve market confidence.