Paul Atkins, President Donald Trump's nominee for the next chair of the Securities and Exchange Commission (SEC), is seeking support for his confirmation from key offices in Capitol Hill. Atkins, who has a background in financial regulation and understanding of cryptocurrency, has been praised by Senator Tim Scott and Senator Cynthia Lummis for his commitment to policies that promote capital formation and job creation. Atkins is expected to bring a new approach to digital assets and financial markets at the SEC. However, there are still concerns about how he will address ongoing issues in the crypto industry such as fraud and market volatility, while also finding a balance between stricter oversight and a lighter touch.



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