SEC Nominee Atkins reveals at least $ 327m in assets leading to confirmation hearing

Paul Atkins, the nominee of US president Donald Trump to lead the Securities and Exchange Commission (SEC), revealed joint work ownership of at least $ 327 million with his wife in advance of a scheduled confirmation hearing with the US Senate Banking Committee.

Atkins and his wife Sarah Humphreys, will be held up to a joint $ 327 million in the property, in part by their stakes at the firm consulting the Atkins Patomak Global Partners and Tamko Building Products, according to a report on financial disclosure made by the public by the US Office of Government Ethics on March 25.

Humphreys and his family members have already been reported Control A 75% stake in Tamco, the roof business founded by his grandfather.

The Atkins personally disclosed up to $ 78.8 million in total work ownership of: up to $ 15,000 each; between $ 25,000,001 and $ 50 million in the interest of membership in Patomak; Between $ 250,001 and $ 500,000 in securitize call options, a real-world asset tokenization platform; and between $ 50,001 and $ 100,000 in the company of financial technology.

If confirmed, Atkins will resign as Patomak’s CEO and drop his interest in membership, as well as avoiding his stock choices in Securitize. The Atkins served as a commissioner with the agency from 2002 to 2008.

Financial finances were made public in advance of the appearance of March 27 of Atkins before the Senate Banking Committee. Massachusetts Senator Elizabeth Warren, Democrat’s rank on the committee, Call the Atkins To be prepared to answer questions related to his “deep participation with FTX and other clients with high -paid crypto.”

Related: What to expect from Paul Atkins’ SEC hearing

The Atkins may also have some Republican allies on the committee and deal with some softball questions during his hearing. The SEC commissioner previously met with Wyoming Senator Cynthia Lummis, who told Cointelegraph that he hoped he would “quickly work to provide regulation for the digital asset industry.”

Conflicts of interest that control digital assets?

Other Trump administration officials have taken steps to ease any appearance of the conflicts of interest.

David Sacks, Artificial Intelligence by Trump and Crypto Czar, filed a notice on March 5 suggesting his venture capital firm Sold more than $ 200 million In crypto and relevant stocks lead his paper.

Trump faces criticism from lawmakers and numbers in the crypto industry for his family’s involvement in the World Liberty Financial and the launch of his Memecoin in January.