The former member of the American Commission of Securities and Exchange (SEC), Paul Atkins, is expected to appear before the legislators of the senatorial banking committee on March 27 in the context of the Trump administration to make the president’s choices in high -level government positions.
Since the American president Donald Trump took office on January 20, the SEC, under the leadership of the acting president Mark Uyeda, abandoned several investigations and implementing measures against large cryptography companies, many of which were in court for months or years. Many analysts consider the recent actions of the SEC such as the administration acting on its campaign promises the cryptographic industry, some of which are directly given to the candidate of the time or his inauguration fund after the November 5 elections.
The actions of the Commission – which understand the declaration that the same are not titles – also contrast strongly with its position under the former president Gary Gensler, which leads to speculation that the dry under Trump will lead to an American cryptographic industry in full swing essentially without regulatory examination.
Atkins, which Trump chose in December 2024 and officially appointed after taking office, received the support of industry players in Coinbase and Ripple, who both experienced current implementation measures caused by the SEC. The cases have since been abandoned.
Given the appearance of the SEC on the application of cryptography and potential conflicts of Trump’s interest with industry – with links with the Crypto World Liberty Financial Société and the launch of its own same – Some legislators are likely to question Atkins’ opinions on digital assets at the confirmation audience.
If he is confirmed by the Senate, Atkins could return to a dry entirely controlled by the Republican, the Democratic Commissioner, Caroline Crenshaw, is expected to leave by 2026.
https://www.youtube.com/watch?v=JMQJ01_ZKA8
We do not know if Atkins will have the votes to adopt a confirmation audience within the banking committee or a full vote in the Senate. The Republicans hold a majority of 53 places in the room with only 51 votes necessary to confirm a candidate, and – with the exception of the former representative Matt Gaetz for the American prosecutor – suggested that they intended to oppose one of Trump’s choices for crucial government positions.
Democratic opposition to the appointment of Atkins
Massachusetts Senator Elizabeth Warren, the main Democrat of the banking committee who has often assimilated crypto to drug trafficking and other illicit actions, said in a letter of March 23 in Atkins that she had concerns about her potential role in the dry after her consulting company, Patomak Global Partners, was a advisor FTX. He was also an advisor to the Digital Trade Chamber of the Defense Group.
“Your deep involvement with FTX and other well -remunerated cryptographic customers raises questions about your approach to the regulation of cryptography – and concerns about the extent of your knowledge of illegal FTX activities,” said Warren, adding:
“Your financial links with the industries that you will soon regulate, will raise serious concerns concerning your ability to avoid conflicts of interest as a regulator.”
Warren suggested that some Senate members would probably question Trump’s choice about the SEC recently by removing application affairs against cryptographic companies, reports that Trump’s family had had interviews with Binance on the acquisition of participation in society as well as a possible forgiveness for the former CEO of the Binance Changpeng Zhao, how atkins digital is not confirmed, and recent opinion.
She suggested that ATKINS also communicated with the Republican Commissioners of the Sec Uyeda and Hester Peirce after being appointed.
In relation: Dry awaits a chair before defining the agenda of cryptography – Hester Peirce
Before his audience, Atkins has already met the Republican legislators of the Committee, including the Wyoming senator Cynthia Lummis. Cointelegraph contacted the Lummis office to comment on the appointment of Atkins but did not receive an answer at the time of publication.
If his appointment goes through the banking committee and the Senate, Atkins would probably be confirmed to a mandate ending in June 2031, taking over as president of Uyeda. In addition to the Commission, the abolition of surveys and implementing measures, the president of the SEC proposed rules of abandonment forcing cryptographic companies to register with the agency.
Review: Ripple says that the trial of the dry “ over ”, Trump at Das, and more: Hodler’s Digest, March 16 to 22
