The legislators of the Banque Committee of the US Senate interviewed Paul Atkins, member of the Titles and Exchange Commission (SEC), questioned titles with the cryptographic industry and how he could regulate digital assets if they were confirmed.
Questioning Atkins during her audience on the appointment on March 27, the Senator of Massachusetts, Elizabeth Warren, said that the former SEC commissioner had “an incredibly bad judgment” in his role leading to the 2008 financial crisis – Atkins was used for the agency from 2002 to 2008. Senator Warren also asked Atkins Consultants – for global partners – who advised Crypto on potential conflicts of interest with the digital asset industry.
“Your customers pay you north of $ 1,200 an hour to get advice on how to influence regulators like dry, and if you are confirmed, you will be in a privileged place to deliver to all customers who have paid you millions of dollars for years,” said Senator Warren, suggesting that “Atkins judgment” will be influenced by an objective data evaluation “.
Paul Atkins addressing the legislators at the hearing on the appointment of March 27. Source: Banking Committee of the US Senate
The Senator of Massachusetts sent a letter to the choice of Donald Trump’s dry on March 23, calling to be ready to answer questions related to his potential role to the agency according to his links with the cryptography industry through Patomak. At the hearing of March 27, Senator Warren asked Atkins to disclose the potential buyers of the consulting firm – he said he was planning to sell the company if it was confirmed – which could “buy access to the future president of the sec”.
Atkins said he “would respect the process” but had not answered the question of Senator Warren directly. She suggested that the sale of Patomak could be a “pre-extension” for the services of the commissioner of the former SEC commissioner.
This is a history in development, and additional information will be added as it will be available.
