Prior to his confirmation hearing in front of the US Senate Bank Committee Tomorrow, Paul Atkins President Donald Trump’s election to lead the US Securities and Exchange Commission (SEC) revealed up to $ 6 million in crypto-related assets, prompting Senator Elizabeth Warren (D-Mass.)

In a Sunday letter to Atkins, Warren emphasized that the former SEC Commissioner’s background as a consultant and lobbyist for the financial sector could create “significant conflicts of interest” if he is confirmed.

“You have also served as an expert wine employed by Wall Street companies accused of participating in Ponzi schemes and other mismatches that you would now be responsible for investigating as a SEC chair. “This will raise serious concerns about your impartiality and obligation to earn public interest if you are confirmed to act as the next SEC chairman.”

Warren urged Atkins to consider mitigate these potential conflicts of interest by receiving himself from all SEC issues involving his former clients and agreed not to do any lobbying, counseling or other work for businesses in the industry regulated by SEC for at least four years after his departure from the agency. Her letter requests a written response from Atkins by Thursday.

Another letter, also dated Sunday, asked Atkins about a number of questions about how he thought the cryptocurrency industry should be regulated along with other questions before SEC’s Purview.

Atkins’ recent financial revelations revealed a $ 328 million family wealth, according to Reuters, which largely stems from his wife’s family ties to roof supply giant Tamko building products. His risk consulting firm, Patomak Global Partners – although Atkins has made advice for a number of companies, both crypto and traditional funding, and from which he has promised to dispose of if confirmed – was valued at between $ 25 and $ 50 million, Reuters reported.

Atkins’ crypto-related assets were appreciated for up to $ 6 million, according to a Fortune report, including a total of $ 1 million in equity in the Crypto Custodian Anchorage Digital and Tokenization Firm Securitize (Atkins held a board of directors by Securitize until February). Atkins reported having up to a $ 5 million dollars in Crypto Investment Firm from Chain Capital, where he is a limited partner. From the chain’s investments, private shares include large crypto companies such as Digital Currency Group (DCG) and Kraken, as well as MT. Gox bankruptcy prices.

In a Tuesday that archived on the Office of Government Ethics, Atkins promised to dispose of from the chain capital within 120 days of his confirmation. He has also withdrawn from his position on the board of Digital Chamber of Commerce and the Token Alliance of Chamber of Digital Commerce according to the same filing.

Atkin’s crypto-tape is a sharp contrast to his predecessor, former SEC chairman Gary Gensler, who was known for his so-called “regulation by enforcement” approach to crypto-regulation. Prior to Atkins’ confirmation, SEC’s current leadership, speared by acting chairman Mark Uyeda and Commissioner Hester Peirce, revised the agency’s crypto regulation strategy, invited industry players to roundtable discussions in SEC’s headquarters in Washington, DC and Security Copy of a significant number of investigations and open lawsuits against crypto companies.

However, not everyone as SEC went for Gensler is away from the hook – the agency has not yet closed its probes in Unicoin or Crypto.com, both of which received Wells messages (a heads up of upcoming enforcement costs) from SEC last year.

SEC has closed studies of companies, including unchanging, OpenSea and Yuga Labs, and ended litigation against companies such as Coinbase, Kraken and Ripple since Uyeda took over the agency as acting chairman.