President Trump has nominated Paul Atkins to replace Gary Gensler as SEC Chair, with Gensler set to resign on January 20, 2025.

This leadership change is anticipated to bring a fresh perspective to the SEC, particularly regarding cryptocurrency regulations.

SEC Commissioner Hester Peirce predicts that under Atkins' leadership, there will be early changes for crypto ETFs, including the potential for staking Ethereum and in-kind redemptions for Bitcoin products.

Peirce noted that these changes could be revisited as soon as Atkins takes office, indicating a shift from the previous administration's resistance.

She emphasized that the new commission's majority stance could facilitate the approval of these changes, which were previously hindered.

Peirce urged that the new Chairman prioritize crypto regulations immediately upon taking office, suggesting that initial steps could be implemented right away.

Bloomberg senior ETF analyst Eric Balchunas expressed optimism about the new SEC administration, predicting a wave of crypto ETF approvals in 2025.

Balchunas praised Peirce's focus on making crypto products more beneficial for investors, aligning with the industry's expectations for regulatory progress.

Peirce's comments indicate a willingness to reconsider product designs that are advantageous for investors, signaling a potential regulatory shift.

Analysts predict that Litecoin and Hedera ETFs may be among the next to receive approval, while Solana and XRP funds could face delays due to ongoing regulatory uncertainties.

Recent SEC approvals of hybrid ETFs from Hashdex and Franklin Templeton that track both Bitcoin and Ethereum align with these optimistic predictions.

Overall, Peirce's remarks reflect a hopeful outlook for the cryptocurrency sector as it anticipates a more favorable regulatory environment in the near future.