2025-3-18 13:17 |
A March 27 meeting is being considered for a committee hearing on the selection of incoming SEC chair Paul Atkins US President Donald Trump selected Atkins in December following his presidential election win Atkins previously served as an SEC Commissioner from 2002 and 2008 under former President George W. Bush
The confirmation of Paul Atkins as the next US Securities and Exchange Commission (SEC) chair is being delayed due to the submission of paperwork.
That’s according to Eleanor Mueller, Semafor’s Congress reporter, who posted on X. She wrote:
“Senate Banking Chair Tim Scott is eyeing March 27 for a committee hearing on Trump’s nominee to chair the SEC, Paul Atkins, I’m told. As I wrote earlier this month, the committee has been waiting for the White House to send over his paperwork.”
Scooplet: Senate Banking Chair Tim Scott is eyeing March 27 for a committee hearing on Trump's nominee to chair the SEC, Paul Atkins, I'm told.
As I wrote earlier this month, the committee has been waiting for the White House to send over his paperwork: https://t.co/2sDebKDIAI
— Eleanor Mueller (@Eleanor_Mueller) March 17, 2025
US President Donald Trump selected Atkins to be the next SEC chair in December. This is a significant selection for Trump, as Atkins is considered a pro-crypto figure in the industry. During his election, Trump promised to reshape the regulatory landscape for digital finance and clarify cryptocurrency rules.
Mueller continued that the Senate banking committee is also planning to hold a bipartisan meeting on Friday, March 21, to discuss Atkins’ nomination.
Financial disclosureThis latest development follows from a March 3 report from Semafor. In it, Mueller detailed how the White House hadn’t produced the required paperwork to schedule a confirmation hearing for Atkins. This also included his financial disclosure given the fact that he married into a billionaire family.
In 1990, Atkins married Sarah Humphreys Atkins, whose family is linked to Tamko Building Products, a company that manufactures roofing shingles in the US. Last year, it made $1.2 billion in revenue, according to a December report from Forbes.
One former Senate Banking Committee member said: “It’s a lot to go through. But he got named so early on, so I think that’s why people are starting to be like, ‘What the hell’s taking so long?”
Atkins previously served as an SEC Commissioner between 2002 and 2008 under former President George W. Bush.
While the agency awaits the confirmation of Atkins, Mark Uyeda is the acting chair. In January, Uyeda created a new crypto task force designed to establish a clear regulatory framework for the industry.
The post Paul Atkins SEC chair confirmation faces delay with Senate due to paperwork issues appeared first on CoinJournal.
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