Lawmakers within the US Senate Banking Committee confirmed the nomination of Paul Atkins to be a member of Securities and Alternate Fee (SEC), paving the way in which for a full flooring vote within the chamber.
In an April 3 government session of the banking committee, lawmakers voted 13-11 to substantiate Atkins for 2 consecutive phrases as an SEC commissioner, taking on former Chair Gary Gensler’s time period and one other time period ending in 2031.
Atkins’ nomination will quickly go to the Republican-controlled Senate for a full flooring vote, the place many consultants counsel he’s additionally more likely to be confirmed.
Senator Tim Scott addressing lawmakers on April 3. Supply: US Senate Banking Committee
Earlier than calling for a vote, committee chair Tim Scott mentioned Atkins would deliver “much-needed readability for digital property.” Rating member Elizabeth Warren reiterated earlier considerations about Trump’s SEC choose serving to “billionaire scammers” like former FTX CEO Sam Bankman-Fried and Tesla CEO Elon Musk “actively making an attempt to destroy” federal companies.
It is a growing story, and additional info shall be added because it turns into obtainable.