From Cointelegraph

March 24, 2025 2:00 pm:

Former SEC member Paul Atkins is set to appear before the Senate Banking Committee on March 27, as part of Trump’s push to fill high-level government positions. Since Trump took office, the SEC under acting chair Mark Uyeda has dropped investigations against major crypto firms, aligning with campaign promises to the industry.

The SEC’s recent actions, like claiming memecoins aren’t securities, contrast with its stance under former chair Gary Gensler. Atkins, a Trump pick, received support from industry players at Coinbase and Ripple, with ongoing SEC enforcement actions dropped. Lawmakers may question Atkins’ views on digital assets at his confirmation hearing.

Massachusetts Senator Elizabeth Warren raised concerns about Atkins’ role at the SEC due to ties to FTX and the Chamber of Digital Commerce. Warren highlighted potential conflicts of interest and questioned Atkins’ approach to regulating crypto. If confirmed, Atkins could lead a fully Republican-controlled SEC, with Democratic Commissioner Crenshaw expected to leave by 2026.

Atkins may face questions about dropped enforcement cases against crypto firms, Trump family talks with Binance, and how he plans to apply securities laws to digital assets if confirmed. He has met with Republican lawmakers ahead of his hearing, with potential confirmation to a term ending in June 2031. SEC acting chair Uyeda has proposed abandoning rules requiring crypto firms to register with the agency.

Read more at Cointelegraph: What to expect at Paul Atkins’ SEC confirmation hearing