The legislators of the US Senate Banking Committee, a member of the Securities Committee and the potential Stock Exchange (SEC) Paul Atkins, interrogated his relationships with the encryption industry and how he could organize digital assets if confirmed.
Atkins interrogation at his candidacy session on March 27, Senator Massachusetts Elizabeth Warren He said The former SEC Commissioner had a “amazing bad referee” in his role that led to the 2008 financial crisis – Atkins served in the agency from 2002 to 2008. The Senator Warren also asked Atkins to disclose the buyer of his global consultant Patomac – who advised to exchange FTX encryption before it collided in 2022 – to celebrate the possibility of possibility of paying attention to the institution Digital.
Senator Warren said: “Your customers will pay you north of $ 1,200 per hour to get advice on how to influence the organizers such as SEC, and if you are confirming, you will be in a major place to provide it to all customers who have been paying you millions of dollars for years,” indicating that Atkins will be affected by more than an objective evaluation of the data. “
Paul Atkins address the legislators in the nomination session March 27. source: The US Senate Banking Committee
Senator Massachusetts sent a letter to the SEC choice for the Donald Trump on March 23, and invited him to prepare to answer questions related to his potential agency on the agency based on his relations with the encryption industry through Patomak. In the March 27 session, Senator Warren asked Atkins to disclose potential buyers from the Consulting Company – he said that he intends to sell the company if he confirmed – who may be “buying access to the future president for the second.”
Atkins said he would “adhere to the process” but he did not answer the Senator Warren’s question. I suggested that the sale of Patomak “be pre -armed” for the services of the previous SEC Commissioner.
This is a developing story, and more information will be added when available.
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