Paul Atkins, the nominee to occupy the US Securities and Exchange Commission, is set for a US Senate confirmation hearing next week, setting President Donald Trump’s choice for the SEC Chairmanship On Track to start working as soon as possible.
At the same hearing of March 27, the Senate panel also weighted Jonathan Gould’s nomination to seize the Comptroller’s Money Comptroller’s office, administering US national banks – a major area of interest for crypto companies who fought in a long battle for accessing banking, the Senate Banking Committee announced on an email Thursday.
Atkins is a former SEC commission and a Digital Assets advocate who has run a Washington company that advises clients on financial compliance issues. He hopes to carry out the SEC’s pro-crypto momentum that started after Trump returned to the White House and appointed the moving chairman Mark Uyeda.
The OCC will not only be a major agency for opening access to the US digital sector in US banking assets, but it can also be a regulator for future stablecoin that has provided, according to current legislative efforts.
The panel will also consider Luke Pettit’s nomination to become a assistant secretary for the Treasury in Thursday session.
Trump has elected the Atkins to succeed former SEC Chair Gary Gensler, whose actions leading to the security regulator have drawn the accusations of “regulation by implementation” from the crypto industry. Uyeda has changed the approach of his predecessor since the agency was obtained on a temporary basis, withdrawing from many suits filed by the SEC against crypto companies in recent years and stopped with others. The SEC also told a number of crypto companies that it closes investigations to these firms.
