Paul Atkins, the nominee to take over the US security and exchange commission, is ready for a US Senate confirmation hearing next week, putting President Donald Trump’s election to the SEC presidency on the field to start working as soon as next month.
On the same consultation on March 27, the Senate Panel also weighs the nomination of Jonathan Gould to take over the Comptroller of the Calleny Office, who oversees US national banks – a key area of interest in crypto companies who have fought for a long battle for bank access, announced the Senate Bank Committee on Thursday.
Atkins is a former commission for SEC and a digital assets spokesman who ran a Washington company advising clients on financial observations. He is expected to continue SEC’s Pro-Crypto Momentum, which began after Trump returned to the White House and appointed acting chairman Mark Uyeda.
Not only will OCC be an important agency for opening digital asset sector access to US banking, but it can also be a regulator for future stablecoin issuers, according to current legislative efforts.
The panel will also consider Luke Pettit’s nomination as assistant secretary of the Treasury during Thursday’s session.
Trump nominated Atkins to succeed former SEC chairman Gary Gensler, whose actions leading up the securities regulator drew allegations of “regulation by enforcement” from the crypto industry. Uyeda has changed its predecessor’s approach since taking over the agency on a preliminary basis, withdrew from several lawsuits that SEC filed against cryptic businesses in previous years and paused others. SEC has also told a number of cryptic companies that the closed investigations of these companies.
