US SEC nominated Atkins gets confirmation to nod from the Senate Banking Committee
The US Senate Banking Committee has vote to advance confirmations of President Donald Trump’s picks to operate the Securities and Exchange Commission and the Comptroller’s Office of Currency – both basic positions for future US regulation of the crypto sector.
The nominations of Paul Atkins To permanently seize the SEC from former chair Gary Gensler and the Jonathan Gould To lead the banking regulator Occ now has moved to the general Senate. The approves there will allow Atkins and Gould to start working with regulatory agencies.
Both Atkins and Gould moved under the Party line votes on the Committee on Thursday-every one would go 13-11.
Committee chairman Tim Scott, a South Carolina Republican, praised the nominees before the vote.
“Paul Atkins, former SEC commissioner, will promote capital development and provide more demand for digital property,” Scott said. And of Gould, he said that the nominee, formerly chief advice to the OCC, “will end with political motivated Deban”-a major point of complaint for the crypto industry.
Senator Elizabeth Warren, the rank of the Democrat committee, released several last minute criticisms of nominees before rejecting all of them.
“Mr. Atkins died wrong with the leadup in the worst financial crisis of a generation,” he said of the ATKINS’s previous tenure in the SEC during the period before the 2008 global financial crisis, and he added Gould’s previous time to the OCC “he weakened the rules and helped break” the safety and well -being of the banking system.
The recent confirmation hearing for nominees has not addressed crypto issues significantly depth, although both will be heavily involved in the future regulation of the industry.
Read more: Trump’s choice to run Sec Paul Atkins promises a new crypto stance, gets a few questions
