Trump's SEC Nominee Atkins Pledges 'Rational' Crypto Regulation Amid Senate Confirmation

During his Senate confirmation hearing on Thursday, President Trump's nominee to lead the SEC, Paul Atkins, pledged to establish a "firm regulatory foundation" for digital assets. Atkins aims to contrast with his predecessor, Gary Gensler, who was seen as a nemesis to the crypto industry. Senator Tim Scott anticipates Atkins will provide "long-overdue clarity" for digital assets. Despite this, Senator Elizabeth Warren expressed concerns about Atkins' impartiality due to his advisory roles in the crypto sector. The hearing also addressed the OCC's stance on crypto banking relationships, with nominee Gould committing to reversing the previous restrictive approach. Senator Kennedy criticized the SEC's handling of the FTX case, demanding accountability. Atkins' confirmation process will proceed with a committee vote before potential Senate approval.