Market
How SEC Chair Paul Atkins Will Reset US Crypto Policy
On April 9, 2025, the US Senate confirmed Paul Atkins as the new Chair of the SEC with a majority 52–44 vote. This marked a new chapter for the crypto industry in the US.
The crypto community welcomed the news enthusiastically. Atkins is widely seen as someone who will bring transparency and support innovation—unlike the heavy-handed approach of his predecessor, Gary Gensler.
Paul Atkins Will Bring Clarity and New Direction to the US Crypto Industry
In Wednesday’s episode of the Crypto in America podcast, Republican Congressman Tom Emmer—House Majority Whip and Co-Chair of the Congressional Crypto Caucus—shared his optimistic expectations for Atkins’ role in reshaping crypto policy.
Emmer expressed strong confidence that Paul Atkins will steer the SEC back to its core mission: ensuring that all Americans have access to the world’s greatest financial markets, including digital assets.
“I think Paul Atkins will bring the clarity and certainty that we need. I’ve been saying for over nine years, we need to understand what is currency, what is security, and what is a commodity. I’m sick and tired of hearing about the case law and that, oh well, you know, the attorneys, the courts—why are we doing that? We’re Congress. Why don’t we act? And I think it’ll start with the new SEC Chair, but he will give us direction much like Trump is doing with executive orders.” Emmer said.
This statement reflects the long-standing demand from the crypto industry for a clear legal framework.
Paul Atkins is well-acquainted with the SEC and the financial sector. He served as an SEC Commissioner from 2002 to 2008 under President George W. Bush. During that time, Atkins gained recognition for his pro-free market stance and efforts to reduce regulatory burdens.
After his tenure at the SEC, Atkins founded Patomak Global Partners, a consulting firm that helps crypto companies navigate complex regulatory frameworks.
Notably, since 2017, he has served as Co-Chair of the Token Alliance, an initiative of the Digital Chamber of Commerce, where he has led efforts to develop best practices for the issuance and trading of digital assets.
Atkins’ career demonstrates a deep understanding of the intersection between technology and finance. Emmer expects him to adopt a “light-touch” approach—one that focuses on supporting innovation rather than stifling it.
“I think he’s gonna make sure that that’s the SEC that we believe it should be. Gary Gensler took it off mission. What it’s supposed to do is make sure that every single American has access to the greatest financial markets on the face of the planet. And what Gary Gensler was doing was saying, well, if you’re traditional finance, you can have access. But if you’re this new digital stuff, this is bad. We’re gonna make sure that we stop you from doing anything.” Emmer said.
Emmer added that this shift in leadership could pave the way for critical legislation like the FIT 21 Act, which passed the House in May 2024 to provide clear rules for digital assets.
With support from Atkins and the Trump administration—who had pledged to make America the “crypto capital of the world”—Emmer believes Congress can soon codify these reforms into law, creating a lasting impact on the market.
Criticism of Gary Gensler: A Legacy of Obstruction
In contrast to his optimism about Atkins, Emmer did not hesitate to criticize Gary Gensler, saying that he had set “a pretty low bar” for the SEC.
“We need to have clarity and certainty in the system so investors, entrepreneurs, can, you know, take risk and innovate. And what was Gary Gensler doing? He was stopping all of that. He was telling people, my door is open. Bring any idea you got, we’re happy to talk to you about it. Well, if you were naive enough to do that, he usually sued you, or he sent you a letter that you’re under investigation afterward.” Emmer criticized.
According to a report by Paradigm, since the SEC’s first crypto-related enforcement in 2015, the agency has taken action against 171 projects and individuals.
These actions spanned three presidential terms and three confirmed SEC chairs. Nearly half of them—88 cases—occurred under Gensler’s leadership.
Emmer also pointed out a striking contradiction in Gensler’s approach to meme coins, often criticized as vehicles for fraud.
“I heard a lot of complaints about meme coins yesterday during the hearing… But you realize Gary Gensler is the one that said, this is what we could use meme coins for. He’s the one that actually empowered the creation of meme coins the way we see it right now… If you don’t like it, stop complaining about it, and let’s figure out how we can put some guardrails on that.” Emmer revealed.
His remarks emphasized Gensler’s failure to provide guidance—instead choosing to criticize and punish. With Atkins, Emmer hopes to reverse that trend. He envisions an SEC that doesn’t just enforce but enables the crypto industry to grow within the United States.
A New Era for Crypto Policy
According to Tom Emmer, Paul Atkins’ appointment is more than a change in leadership. It’s an opportunity to reset crypto policy in America. Atkins could be the catalyst for Congress to turn reforms into reality—and, more importantly, to keep crypto businesses in the US rather than driving them overseas.
With a clear and supportive approach, Atkins could transform the SEC into an agency that champions the digital financial future rather than blocking it.
If successful, the crypto industry may be entering a new era of unprecedented growth under his leadership.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
According to a new report from Pine Analytics, token deployers on Pump.fun systematically funded sniper wallets to buy their own meme coins. This impacted over 15,000 token launches on the platform.
These sniper wallets operated primarily during US trading hours, executing standardized, profitable strategies. Unrelated bot activity obscures their behavior, making it extremely difficult to isolate these wallets—and they can readily adapt to new countermeasures.
Snipers Roam Free on Pump.fun Meme Coins
Pump.fun has remained one of the most popular meme coin launchpads on Solana despite persistent controversies and other criticism.
However, Pine Analytics’ new report has uncovered a new controversy, discovering systematic market manipulation on the platform. These snipes include as much as 1.75% of all launch activity on Pump.fun.
“Our analysis reveals that this tactic is not rare or fringe — over the past month alone, more than 15,000 SOL in realized profit was extracted through this method, across 15,000+ launches involving 4,600+ sniper wallets and 10,400+ deployers. These wallets demonstrate unusually high success rates (87% of snipes were profitable), clean exits, and structured operational patterns,” it claimed.
Solana meme coin deployers on Pump.fun follow a consistent pattern. They fund one or more sniper wallets and grant them advance notice of upcoming token launches.
Those wallets purchase tokens in the very first block and then liquidate almost immediately—85% within five minutes and 90% in just one or two swap events.
Pump.fun meme coin developers exploit this tactic to create the appearance of immediate demand for their tokens. Retail investors, unaware of the prior sell‑off, often purchase these tokens after the snipe, giving developers an unfair advantage. This constitutes market manipulation and erodes trust in the platform.
Pine Analytics had to carefully calibrate its methods to identify genuine snipers. Apparently, 50% of meme coin launches on Pump.fun involve sniping, but most of this is probably bots using the “spray and pray” method.
However, by filtering out snipers with no direct links to developer wallets, the firm missed projects that covered their tracks through proxies and burners.
In other words, the meme coin community does not have adequate defenses against systematic abuse on Pump.fun. There are a few possible ways that the platform could flag repeat offenders and sketchy projects, but adaptive countermeasures could defeat them. This problem demands persistent and proactive action.
Unfortunately, it may be difficult to enact such policies. Meme coin sniping is so systematic that Pump.fun could only fight it with real commitment.
Analysts think that building an on-chain culture that rewards transparency over extraction is the best long-term solution. A shift like that would be truly seismic, and the meme coin sector might not survive it.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.
On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.
Solana Maintains Bullish Structure, but Momentum Faces Key Test
On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.
The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.
The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.
If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.
Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.
BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.
Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.
Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth
Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.
In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.
When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.
Pump leads the pack with nearly $18 million in fees alone.
Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain
Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.
Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.
If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.
The current structure favors buyers, with higher lows and strong support reinforcing the trend.
However, if momentum fades, a retest of the $136 support is likely.
A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.
Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.
Crypto Industry Went All-In on Trump’s Inauguration
Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.
Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts.
Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.
For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began.
The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.
Further Alleged Benefits for Donors
In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.
Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing.
Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family.
Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP, Solana, and Cardano were all unexpectedly included in the US Crypto Reserve announcement.
All three of these companies made major donations to Trump’s Inauguration.
It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.
Meanwhile, various industry KOLs and community members have already alleged major corruption in Trump’s crypto connections.
While some allegations might lack substantial proof, the crypto space has changed dramatically under the new administration, for both good and bad.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Report Alleges Massive Meme Coin Sniping on Pump.fun
Solana Leads Blockchain Metrics as SOL Momentum Builds
Crypto Firms Donated $85 million in Trump’s Inauguration
Ethereum to Emphasize Layer-1 Efficiency and UX in Upcoming Protocol Upgrades
XRP Surpasses Ethereum In This Major Metric After Outperforming For 6 Months
PumpFun Moves $13M SOL To Kraken as Solana Price Consolidates, What Next?
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
