Paul Atkins Set for Senate Hearing as SEC Chairman Nominee
Paul Atkins, who was nominated by U.S. President Donald Trump to head the SEC after Gary Gensler stepped down as SEC chairman, is set to appear before the Senate Banking Committee for a long-awaited confirmation hearing on March 27.
Accordingly, the committee will decide on March 27 whether Atkins is a suitable candidate to replace Gary Gensler and will also consider other pro-crypto candidacies.
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Ahead of tomorrow’s Banking Committee hearing, Paul Atkins has disclosed the assets and investments he and his wife own, according to Reuters.
Accordingly, Paul Atkins announced that he and his wife have assets worth at least $327 million and crypto investments worth up to $6 million.
Accordingly, Paul Atkins and his wife have more than $327 million in assets, mostly from Atkins’ stakes in consulting firm Patomak Global Partners and Tamko Building Products.
Atkins also has stakes in several cryptocurrency companies, including $500,000 each in Anchorage Digital and tokenization platform Securitize, and has between $1 million and $5 million invested in crypto-focused fund Off the Chain Capital.
Atkins vowed to resign as CEO of Patomak within 90 days of being confirmed as SEC Chairman, and said he planned to sell his stake in Securitize to avoid any conflict of interest.
Paul Atkins, who previously served as a commissioner at the SEC, is now a big supporter of Bitcoin (BTC) and cryptocurrencies.
At this point, Paul Atkins’s inauguration as SEC Chairman is of great importance for the cryptocurrency market. Because there are applications for adding staking to Ethereum ETFs and altcoin ETF applications such as XRP and Solana pending before the SEC. Paul Atkins is expected to take office for the decision on these applications.
*This is not investment advice.
