The US Senate Bank Committee has voted to promote the confirmations of President Donald Trump’s elections to run Securities and Exchange Commission and the Currency of the Currency Currency – both key positions for the future US regulation of the crypto sector.
The nominations of Paul Atkins to permanently take over SEC from former chairman Gary Gensler and Jonathan Gould to lead the bank regulator OCC now move to consider the total Senate. Approvals that will give Atkins and Gould the opportunity to start working in the regulatory agencies.
Atkins and Gould both were advanced under party line voices in the committee on Thursday and every time 13-11.
Committee chairman Tim Scott, a Republican in South Carolina, praised the nominees before the vote.
“Paul Atkins, the former SEC Commissioner, will promote capital formation and give much needed clarity for digital assets,” Scott said. And by Gould, he said the nominees when the main adviser at OCC, “will end the politically motivated degradation” essential complaint of the crypto industry.
Senator Elizabeth Warren, the committee’s ranking Democrat, issued some criticism at the last minute of the nominees before rejecting them all.
“Mr. Atkins had died incorrectly in the lead to the worst financial crisis of a generation,” she said of Atkins’ previous term in SEC during the period before the global financial crisis in 2008, and she added to Gould’s earlier time to OCC that he “weakened the rules and helped undermine” the security and health of the banking system.
The recent confirmation hearing for the nominees did not treat crypto problems at considerable depth, although both would be heavily involved in future regulation of the industry.
Read more: Trump’s choice to run Sec Paul Atkins promises new crypto attitude, get few questions