Trump's SEC Chair Nominee Paul Atkins Advances with 13-11 Vote, No Democrats in Support

The U.S. Senate Banking Committee has voted to advance Paul Atkins, President Donald Trump's nominee for the chair of the Securities and Exchange Commission (SEC), with a 13-11 vote. The nomination will now proceed to a full Senate vote, the timing of which has not yet been scheduled.

Atkins, a former SEC commissioner from 2002 to 2008 and a known pro-crypto advocate, received no support from Democrats on the committee, reflecting a party-line division. He has pushed for deregulation and regulatory clarity in the digital assets sector.

If confirmed, Atkins is expected to influence SEC policies, particularly in areas such as digital assets, public and private offerings, and the agency's enforcement approach. His previous experience includes founding a regulatory and compliance consulting firm, Patomak Global Partners.

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