Warren suggested that some members of the Senate would likely question Trump’s pick on the SEC recently dropping enforcement cases against crypto firms, reports that the US President’s family had held talks with Binance about a stake in the company as well as a pardon for former CEO Changpeng Zhao, how he intends to apply securities laws to digital assets if confirmed, and the commission’s recent opinion that memecoins were not securities.
Given the SEC’s seeming about-face on crypto enforcement and Trump’s potential conflicts of interest with the industry — with ties to the crypto firm World Liberty Financial and the launch of his own memecoin — some lawmakers are likely to question Atkins’ views on digital assets at the confirmation hearing.
Democratic opposition to Atkins’ nominationMassachusetts Senator Elizabeth Warren, the top Democrat on the banking committee who has often equated crypto with drug trafficking and illicit actions, said in a March 23 letter to Atkins that she had concerns about his potential role at the SEC after his consulting firm, Patomak Global Partners, was an adviser to defunct crypto exchange FTX.
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Author / Journalist: Cointelegraph by Turner Wright
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