NEWSLETTER
Paul Atkins can be one step closer to becoming the new cryptographic president of the United States Stock Exchange and Securities Commission, with an audience of the Senate Committee scheduled for March 27.
President Donald Trump nominated Atkins to direct the SEC on December 4, but his marriage to a billionaire family has caused headaches with financial revelations, which delayed his possible start date.
While it is not clear if the White House has produced those documents to the Senate, the president of the bank, the house and the urban issues of the House of Representatives, Tim Scott, is considering a hearing of March 27 to review the position of Atkins, Eleanor Mueller de Semafor <a target="_blank" data-ct-non-breakable="null" href="https://x.com/Eleanor_Mueller/status/1901714958108291193″ rel=”null” target=”null” text=”null” title=”https://x.com/Eleanor_Mueller/status/1901714958108291193″>saying In a position of March 17 x.
“There is still no clarity about whether the Committee has Atkins paperwork in hand, but in any way, this is the most impulse we have seen so far.”
However, Atkins would need to be voted by the Senate at a later date.
Mueller also said that the Senate Banking Committee also plans to hold a bipartisan meeting on the Atkins nomination on March 21.
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/Eleanor_Mueller/status/1901714958108291193″ rel=”null” target=”null” text=”null” title=”null”>Eleanor Mueller
Follow a semafor from March 3 previous reportwhere Mueller said that financial revelations had delayed Atkins to program a audience in the Senate to review his position.
He married Sarah Humphreys Atkins in 1990, whose family is linked to Tamko Building Products LLC, a manufacturer of residential tiles that, according to reports, generated more than $ 1.2 billion in income in 2023, Forbes saying on December 14, 2024.
“It's a lot to pass,” said a former employee of the Senate Banking Committee to Mueller on March 3.
“But they named him so early, so I think that is why people begin to be like, 'What the hell is taking so long?'”
Atkins previously served as commissioner of the SEC between 2002 and 2008 and worked as a corporate lawyer at Davis Polk & Wardwell LLP in New York before that. The cryptographic sand is expected to regulate a more collaborative approach than former SEC president Gary Gensler.
Almost four months have passed since Atkins was chosen by Trump to lead the SEC on December 4, and more than two months since Trump was inaugurated on January 20.
However, a late beginning for a SEC chair would not be too unusual.
The two most recent sec presidents, Gary Gensler and Jay Clayton, began on April 17, 2021 and May 4, 2017, months after presidential transitions occurred in those years.
Related: The case of application of the SEC against Ripple may be ending
Meanwhile, Mark Uyeda has been serving as an interim president of the SEC since Gensler left January 20.
Since then, the SEC led by Uyeda has established a cryptographic working group led by the SEC Hester Peirce Commissioner and canceled a controversial rule that asked the financial companies that had cryptography to record them as liabilities in their balances.
The SEC has eliminated several investigations and demands that the Commission led by Gensler presented against the tastes of Coinbase, Consensys, Robinhood, Gemini, Uniswap and Opensa during the last month.
The SEC is also seeking to abandon a rule that requires cryptographic companies to register as exchanges and can even eliminate criptographic custody rules proposed by the Biden administration, Uyeda said on March 17.
Magazine: The change of direction of the SEC in crypto leaves key questions without response
