Paul Atkins, President Donald Trump’s nominee to head the U.S. Securities and Exchange Commission (SEC), has pledged that under his leadership, the agency’s regulation will favor the cryptocurrency sector. He also pledged not to let politics hinder capital formation. Details of his commitments were contained in a prepared statement released by the Senate on Wednesday.

In his written remarks, Atkins emphasized that a key focus of his chairmanship will be working with fellow commissioners and Congress to create a robust regulatory framework for digital assets. He emphasized the need for a rational, consistent, and principled approach to this task.

Atkins' Senate confirmation hearing is scheduled for Thursday. His appointment and subsequent commitments point to a potentially positive development for the cryptocurrency sector, which has long sought clarity and support from regulators like the SEC.