A new era is underway at the SEC under the leadership of Chair Paul Atkins, with key priorities being set. The SEC is reportedly shifting its approach to regulation, with moves to lighten regulation and encourage capital formation, as well as potential harmonization of crypto regulations with the CFTC. The scope and impact of these changes, however, remain to be seen, with the SEC's power and priorities being considered in various contexts, including a supreme court case and broader discussions of national security and global trade.