Catenaa, Friday, March 28, 2025- US senators grilled SEC chair nominee Paul Atkins about his past consulting ties to bankrupt crypto exchange FTX and criticized the agency’s handling of crypto regulation.
During a Senate Banking Committee hearing, Chair Tim Scott questioned Atkins about SEC missteps, including the controversial Debt Box case.
Sen. Elizabeth Warren pressed him on potential conflicts of interest due to his firm’s past advisory role with FTX.
Atkins pledged to prioritize crypto regulation and agency reform if confirmed.
Meanwhile, Sen. John Kennedy pushed for answers on whether the SEC would act against Sam Bankman-Fried’s parents.
The SEC has eased its stance on crypto since Gary Gensler’s departure, rescinding guidance and dropping cases against major players.
