Senate Delays Vote on SEC chair Nominee Paul Atkins
The Senate Banking Committee has postponed its vote on Paul atkins’ nomination as the next U.S. Securities and Exchange Commission (SEC) chair. This update comes from Eleanor terrett, a journalist and host of the Crypto in America podcast.
Terrett shared the news via X, citing a Senate aide. The aide explained that the committee won’t vote today on Atkins or other nominees. Instead, nominees must submit written answers to committee questions before a markup vote. The exact date for this vote is still undecided.
Atkins, chosen by President Donald Trump to replace Gary Gensler, appeared before the Senate’s banking committee on March 27. Lawmakers also held a confirmation hearing for Jonathan gould, nominated to lead the Office of the Comptroller of the Currency.
Gensler’s tenure at the SEC was largely viewed negatively by the crypto community due to his strict regulatory approach.His resignation led to a rally in several cryptocurrencies.
Atkins aims to bring regulatory clarity to the SEC. He stated, “A top priority will be to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.”
While the Senate delays Atkins’ confirmation, interim chair Mark Uyeda continues to guide the SEC in a direction welcomed by the crypto industry.
