Trump's nominated SEC Chairman pick, Paul Atkins, will undergo a Senate hearing next week

BlockBeats News, March 21st, Paul Atkins, the nominee for Chair of the U.S. Securities and Exchange Commission (SEC), will attend a confirmation hearing at the Senate Banking Committee on March 27th. If confirmed, the full Senate will proceed with a final vote. Atkins, a former SEC commissioner, is a supporter of digital assets and previously founded a financial compliance consulting firm in Washington. He is expected to continue the pro-crypto regulatory stance pushed by the Trump administration, succeeding former SEC Chair Gary Gensler, who faced criticism for his "enforcement-heavy" approach to the crypto industry.

The same-day hearing will also include Jonathan Gould, the nominee for Comptroller of the Currency (OCC), the agency responsible for regulating U.S. national banks, which is crucial for crypto companies seeking bank access and stablecoin issuance regulation. Additionally, the Senate will also consider the nomination of Luke Pettit as Assistant Secretary of the Treasury.