{"id":125264,"date":"2025-03-18T00:16:39","date_gmt":"2025-03-18T00:16:39","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125264"},"modified":"2025-03-18T00:16:39","modified_gmt":"2025-03-18T00:16:39","slug":"paul-atkins-closes-in-on-sec-chair-role-amid-setbacks-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125264","title":{"rendered":"Paul Atkins closes in on SEC chair role amid setbacks: Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPaul Atkins could move one step closer to becoming the US Securities and Exchange Commission\u2019s new crypto-friendly chair, with a Senate committee hearing reportedly in the works for March 27.<br \/>\nPresident Donald Trump nominated Atkins to lead the SEC on Dec. 4, but his marriage into a billionaire family has reportedly caused headaches with financial disclosures \u2014 delaying his potential start date.<br \/>\nWhile it isn\u2019t clear whether the White House has produced those papers to the Senate, Senate Banking, House and Urban Affairs Chair Tim Scott is reportedly eyeing a March 27 hearing to review Atkins\u2019 standing, Semafor\u2019s Eleanor Mueller said in a March 17 X post.<br \/>\n\u201cNo clarity yet on whether the committee has Atkins\u2019 paperwork in hand, but either way, this is the most momentum we\u2019ve seen so far.\u201d<br \/>\nAtkins would, however, need to be voted in by the Senate at a later date. Mueller also said the Senate banking committee is also planning to hold a bipartisan meeting on Atkins\u2019 nomination on March 21.<br \/>\nSource: Eleanor MuellerIt follows an earlier March 3 Semafor report, where Mueller said financial disclosures had held Atkins back from scheduling a Senate hearing to review his standing.<br \/>\nHis wife\u2019s family is tied to TAMKO Building Products LLC \u2014 a manufacturer of residential roofing shingles that reportedly turned over $1.2 billion in revenue in 2023, Forbes said on Dec. 14, 2024.<br \/>\n\u201cIt\u2019s a lot to go through,\u201d one former Senate Banking Committee staffer reportedly told Mueller on March 3.<br \/>\n\u201cBut he got named so early on, so I think that\u2019s why people are starting to be like, \u2018What the hell\u2019s taking so long?\u2019\u201d\u00a0<br \/>\nAtkins previously served as an SEC commissioner between 2002 and 2008 and worked as a corporate lawyer at Davis Polk &amp; Wardwell LLP in New York before that. He is expected to regulate the crypto arena with a more collaborative approach than former SEC Chair Gary Gensler.It\u2019s been almost four months since Atkins was chosen by Trump to lead the SEC on Dec. 4, and over two months since Trump was inaugurated on Jan. 20.<br \/>\nA late start for an SEC chair wouldn\u2019t be too unusual, however.<br \/>\nThe two most recent SEC chairs, Gary Gensler and Jay Clayton, started on April 17, 2021, and May 4, 2017 \u2014 months after presidential transitions occurred in those years.<br \/>\nRelated: SEC\u2019s enforcement case against Ripple may be wrapping up<br \/>\nMeanwhile, Mark Uyeda has been serving as the SEC\u2019s acting chair since Gensler left on Jan. 20.<br \/>\nSince then, the Uyeda-led SEC has established a Crypto Task Force led by SEC Commissioner Hester Peirce and canceled a controversial rule that asked financial firms holding crypto to record them as liabilities on their balance sheets.<br \/>\nThe SEC has dropped several investigations and lawsuits that the Gensler-led commission filed against the likes of Coinbase, Consensys, Robinhood, Gemini, Uniswap and OpenSea over the last month.The SEC is also looking to abandon a rule requiring crypto firms to register as exchanges and may even axe the Biden administration\u2019s proposed crypto custody rules, Uyeda said on March 17.<br \/>\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unanswered<a href=\"https:\/\/cointelegraph.com\/news\/trumps-sec-chair-paul-atkins-senate-committee-hearing?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsPaul Atkins could move one step closer to becoming the US Securities and Exchange Commission\u2019s new crypto-friendly chair, with a Senate committee hearing reportedly in the works for&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125264"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125264"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125264\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125264"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}